Legal restrictions on competition, such as the grant of patent privileges to inventors,
A) destroy property rights.
B) expand property rights.
C) both destroy and expand property rights.
D) neither destroy nor expand property rights because patents are granted by the U.S. Constitution.
C
Economics
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Other things the same, a government regulation that prevents using a current technology raises the price level.
a. true b. false
Economics
A typical wheat farmer would never consider cost-plus-markup pricing because
A) he cannot clearly estimate his costs. B) the most profitable price he can ask for is the prevailing market price. C) the government won't allow it. D) he is a price searcher.
Economics