Which of the following is least likely to increase the ratio of investment to real GDP? A reduction in ________
A) transfer payments
B) subsidies to farms and corporations
C) defense outlays
D) spending on highways
D
Economics
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Which of the following would create a natural monopoly?
A) ownership of all the available units of a necessary input B) an exclusive right granted to supply a good or service C) requirement of a government license before the firm can sell the good or service D) technology enabling a single firm to produce at a lower average total cost than two or more firms E) a patent granted the producer of the good or service
Economics
Why does gold, which is a relatively nonessential item, have a higher price than water, which is essential to life?
What will be an ideal response?
Economics