Why do you supposed that it is easier for a government to protect and maintain a domestic monopoly for a particular industry but next to impossible to accomplish if this firm operates internationally?
What will be an ideal response?
Firms can be protected domestically by passing laws preventing entry into the industry. However, internationally this is next to impossible to do because of the harsh competition that the firm would likely face.
Economics
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Which part or parts of the following statement describe each of the three functions of money?
"A pair of prescription glasses costs $250. I am spending $250 on one pair right now, and am saving $250 to buy a second pair in 6 months when the new styles are introduced."
Economics
Fiscal policy can be offset by the actions of each of the following EXCEPT:
A. businesses. B. consumers. C. Congress. D. The Federal Reserve.
Economics