A natural monopoly is one that arises from
A) patent law.
B) economies of scale.
C) copyright law.
D) any government-imposed barrier to entry.
E) mergers.
B
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One major challenge of the Canadian National Health Insurance System is
a. there is more access to medical technology in Canada. b. The population density differences in the country. c. the monopsony power of the Canadian provincial health plans in negotiating fees with physicians' associations. d. the fact that there is no large inner-city population in Canada to drive up costs. e. all of the above.
If foreign citizens earn less income in the U.S. than U.S. citizens earn in foreign countries,
a. U.S. net factor payments from abroad are positive, and its GDP is larger than its GNP. b. U.S. net factor payments from abroad are positive, and its GNP is larger than its GDP. c. U.S. net factor payments from abroad are negative, and its GDP is larger than its GNP. d. U.S. net factor payments from abroad are negative, and its GNP is larger than its GDP.