The use of government regulations and barriers in order to control trade is referred to as:

Another term to describe the normal rate of return on capital is the

A) fixed cost of capital. B) depreciation cost of capital. C) opportunity cost of capital. D) monopoly rent.

The bowed-out-from-the-origin shape of the production possibilities curve occurs because resources are

a. equally well-suited to production of both goods b. not being used efficiently c. not always of equal quality and some are better suited to the production of one type of good than others d. increasing as more of one good is produced e. of an increasingly inferior quality