Which of the following is not a reason why government officials are willing to impose entry barriers?
A) to raise revenue
B) to encourage innovation which may improve the standard of living in the long run
C) to increase economic efficiency
D) to promote an equitable distribution of income
Answer: D
Economics
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A manager will have the least confidence in an explanatory variable that
A) does not pass the F-test. B) is expressed as a dummy variable. C) does not pass the t-test. D) constitutes only a small part of R2.
Economics
Quantity DemandedPriceQuantity Supplied52$5073624562724051823542923033In the above market, economists would call a government-set maximum price of $40 a:
A. price floor. B. fair price. C. equilibrium price. D. price ceiling.
Economics