Legal or governmental restrictions that give monopolistic advantages to a firm include all of the following EXCEPT
A) franchises.
B) environmental protection.
C) exclusive ownership of an unimportant resource.
D) patents.
Answer: C
Economics
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If an economy is producing a level of output which is higher than the equilibrium level, planned expenditures ________ total output and ________ goods and services are being produced than are being demanded
A) exceed; more B) exceed; fewer C) are less than; fewer D) are less than; more
Economics
The collapse of the subprime mortgage market increased the spread between Baa and default-free U.S. Treasury bonds. This is due to
A) a reduction in risk. B) a reduction in maturity. C) a flight to quality. D) a flight to liquidity.
Economics