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

Author Question: Which of the following would likely be an example of a monopolistic industry? a. fast-food ... (Read 131 times)

rachel9

  • Sr. Member
  • ****
  • Posts: 495
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.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

rleezy04

  • Sr. Member
  • ****
  • Posts: 322
Answer to Question 1

d

Answer to Question 2

d





 

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

Did you know?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

Did you know?

The eye muscles are the most active muscles in the whole body. The external muscles that move the eyes are the strongest muscles in the human body for the job they have to do. They are 100 times more powerful than they need to be.

For a complete list of videos, visit our video library