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

KimWrice

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on: Jun 30, 2018
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.


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kxciann

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Reply #1 on: Jun 30, 2018
Answer to Question 1

(d)

Answer to Question 2

(a)


KimWrice

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Reply #2 on: Jun 30, 2018
Thank you


kxciann

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Reply #3 on: Jun 30, 2018
No problemo


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