Which of the following would likely be an example of a ...

[rachel9]

Which of the following would likely be an example of a monopolistic industry?
 a. fast-food restaurants
  b. cell phone service
 c. auto manufacturing
  d. none of the above

Question 2

People who call for creating a level playing field believe that:
 a. a country with relatively low wages is typically a country with an abundance of low-skilled labor.
  b. trading on the basis of comparative advantage benefits both domestic and foreign firms.
  c. creating a level playing field undermines the basis for specialization and economic efficiency.
  d. production in accordance with comparative advantage is unfair.
  e. free trade allocates the scarce resources in an efficient way.

[rleezy04]

Answer to Question 1

d

Answer to Question 2

d

[rachel9]

Thank you

[rleezy04]

No problemo