Trade barriers are an expensive and grossly inefficient way to reach most of the goals for which they are used

What is the best explanation for why China and India have received so much international interest and foreign investment?

A) Their large populations B) Their geographic location C) Their control over natural resources D) Government incentives provided to foreign firms

The automobile industry is

a. in monopolistic competition because brand names are important b. in monopolistic competition because it has economies of scale c. in monopolistic competition for legal reasons d. an oligopoly because each firm must produce a large amount of output before it can achieve low average costs e. an oligopoly for legal reasons