When pricing is used to limit entry, it is often described as
A) effective.
B) predatory.
C) exclusive.
D) aggressive.
B
Economics
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Which of the following is assumed in constructing a typical production possibilities curve?
A. The economy is using its resources inefficiently. B. Resources are perfectly shiftable among alternative uses. C. Production technology is fixed. D. The economy is engaging in international trade.
Economics
One special feature about health-care services is that society regards them as:
A. Private goods B. An entitlement C. Something to be rationed by price and ability to pay D. Normal goods
Economics