This topic contains a solution. Click here to go to the answer

Author Question: Government regulation in the form of subsidies, tariffs, licensing, and inspections does which of ... (Read 97 times)

KimWrice

  • Hero Member
  • *****
  • Posts: 579
Government regulation in the form of subsidies, tariffs, licensing, and inspections does which of the following?
 
  (a) Creates rents for businesses
  (b) Offers profits to some businesses at the expense of others
  (c) Encourages the inefficient use of productive resources
  (d) All of the above

Question 2

Which of the following is an example of external economies?
 
  (a) The cost of per unit produced in manufacturing goods falls as the industry size grows.
  (b) The cost of per unit produced falls as the firm size, not the industry size, grows.
  (c) The cost of per unit produced in manufacturing goods increases as the industry grows.
  (d) The cost of per unit produced falls as the size of the firm grows.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

kxciann

  • Sr. Member
  • ****
  • Posts: 356
Answer to Question 1

(d)

Answer to Question 2

(a)





 

Did you know?

More than 34,000 trademarked medication names and more than 10,000 generic medication names are in use in the United States.

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

Did you know?

Patients who have been on total parenteral nutrition for more than a few days may need to have foods gradually reintroduced to give the digestive tract time to start working again.

For a complete list of videos, visit our video library