A barrier to entry is
A) the economic term for diseconomies of scale.
B) illegal in most markets.
C) anything that protects a firm from the arrival of new competitors.
D) a factor that increases competition because firms must continue to operate in the market in which they were founded.
E) the same as rent seeking.
C
Economics
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If the government increases military spending ________
A) the IS curve would shift to the left B) output will decrease if interest rates remain fixed C) the unemployment rate could fall D) all of the above E) none of the above
Economics
Which factor listed below does NOT help account for the age-earning cycle?
A) productivity B) number of hours worked each week C) effects of aging D) racial discrimination
Economics