Barriers to entry into a market could include all of the following, except one. Which is the exception?

a. government restrictions
b. brand loyalty
c. large marginal costs
d. licensing fees
e. large fixed costs

C

Economics

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Ritzland produces only one good. 10,000 units of the good were produced in Ritzland during a certain year and were sold at $42 per unit. The price of each unit of the good two years back was $37

i) Find the real and nominal GDP of Ritzland taking $37 as the base price. ii) Calculate the GDP deflator for Ritzland for the year in question.

Economics

Of the following OECD countries, which spends the most on health care when measured as a percentage of GDP?

A) the United Kingdom B) Japan C) Canada D) the United States

Economics