How do entry barriers hamper economic prosperity?
What will be an ideal response?
Entry barriers discourage the entry of new firms into businesses. Thus, the existence of entry barriers is likely to support inefficient firms and prevent entrepreneurs with new ideas from entering into the right lines of business. This restricts workers from working in occupations to which their skills are best suited. Hence, the presence of entry barriers lowers productivity and hampers economic prosperity.
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When aggregate demand decreases rapidly, the economy is likely to experience
a. inflation. b. an economic boom. c. economic growth. d. recession.
Anthropogenic pollutants
a. are absorbed naturally through the assimilative capacity of nature b. are human-induced contaminants, such as fossil fuel combustion c. are of little concern to environmental policy makers d. come from nonartificial processes in nature, such as salt spray from oceans