A barrier to entry
A. usually takes the form of a cartel.
B. slows or even prevents entry into a market.
C. can be thought of as unrelated to monopoly.
D. makes it illegal for firms to enter the industry.
Answer: B
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In 2002, the Enron corporation was accused of falsifying information regarding liabilities on Enron's balance sheets, thereby
A) reducing Enron's profit on the balance sheet. B) increasing Enron's net worth on the balance sheet. C) reducing Enron's net income on the income statement. D) increasing Enron's assets on the balance sheet.
Foreign outsourcing is
A) the transfer of operations to foreign contractors. B) an example of internalization. C) an example of foreign direct investment. D) currently illegal in the U.S. E) the substitution of immigration for foreign direct investment.