Which of the following barriers to entry is is most likely to result in the creation of of new products and production processes?
A) Patents.
B) Licenses.
C) Ownership of an essential raw material.
D) Significant economies of scale.
A
Economics
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High levels of sales that spur high levels of investment spending is an example of a
a. vicious circle. b. virtuous circle. c. convergence circle. d. divergence circle.
Economics
Starting from potential output, if consumer confidence decreases and consumers decide to spend less, then this will generate a(n) ________ gap and inflation will ________.
A. expansionary; decrease B. recessionary; decrease C. recessionary; increase D. expansionary; increase
Economics