Which of the following is NOT an artificial barrier to entry?
A. a patent
B. government franchise
C. large economies of scale
D. government licensing
Answer: C
Economics
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How did the Soviet model of communism compare to that of Karl Marx?
A. The models were identical. B. The Soviet model was faithful to the Marxian model, but it had been modified slightly over the years. C. What the Soviets were operating all these years was a classic capitalist model. D. While there was public ownership of the means of production, there did not appear to be a very close resemblance to the Marxian model.
Economics
In Figure 35.1, if rents are controlled, then number of apartments that used to be rented that are now no longer rented is Figure 35.1
A. 0. B. Q"-Q'. C. Q"-Q*. D. Q*-Q'.
Economics