Problems-1 which of the following activities is not, Ask an Expert

Economics

Problems-

1. Which of the following activities is not rent-seeking behavior?

A) lobbying government to protect a monopoly position

B) arguing for free trade among nations

C) extending patents

D) lobbying Congress for tariff protection to reduce foreign competition

2. When new firms enter a competitive market:

A) it will cause an increase in demand.

B) it will cause an increase in supply.

C) it will cause a decrease in demand.

D) it will cause a decrease in supply.

Additional Information-

These multiple choice problems are belong to Economics. The first problem is about what is not rent-seeking behavior and the second problem is about what happens when new firms enter a competitive market.

View complete question

Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91395530
Price:- $10

Guranteed 24 Hours Delivery, In Price:- $10

Have any Question?Write your Review or question?

Related Questions in Microeconomics

Question a monopoly operates in a market where demand is

Question: A monopoly operates in a market where demand is given by p=40-q. It has two factories. The first one has the following cost function: c(q1)=2q1^2. The second factory has the following cost function: c(q2)=q2^2. ...

Question as advances in technology make the

Question: As advances in technology make the self-registration of guests more easily achievable, some hotel companies have moved aggressively tom implement such technologies. Those who have not done so , however, point o ...

Quesiton in the spring of 2003 two professors from a couple

Quesiton: In the spring of 2003, two professors from a couple of New York universities were allowed examine the filings of those companies that had complied with the filing requirement. They wanted to know which and how ...

Question 1 how does monetary policy affect the share

Question: 1. How does monetary policy affect the share market? 2. How could the existence of unemployment benefits or other transfer programs reduce the severity of an economic contraction? The response must be typed, si ...

Question a company has annual fixed costs of exist2500000

Question: A company has annual fixed costs of exist2,500,000 and variable costs of 0.15 per unit produced. For the firm to break even if they charge exist1.85 for their product, the level of annual production is nearest ...

Question in october 1987 the us stock market crashed with

Question: In October 1987, the US stock market crashed, with the Dow Jones Industrial Average falling 508 points, or 22%, in a single day. Yet the economy continued to prosper, with real GDP rising faster in the four qua ...

Question describe how each of these changes is likely to

Question: Describe how each of these changes is likely to affect poverty and inequality: a. Incomes rise for low-income and high-income workers, but rise more for the high-income earners. b. Incomes fall for low-income a ...

Question when microsoft was founded the company devoted

Question: When Microsoft was founded, the company devoted very few resources to lobbying activities. After a high-profile antitrust case against it, however, the company began to lobby heavily. Why does it make financial ...

Question many retirement funds charge an administrative fee

Question: Many retirement funds charge an administrative fee each year equal to 0.25% on managed assets. Suppose that Alexx and Spenser each invest $5,000 in the same stock this year. Alexx invests directly and earns 5% ...

Question net present value 3 points totalthe city of

Question: Net Present Value (3 points total) The city of Corvallis is deciding whether or not to undertake a project to improve the quality ofthe city's drinking water. The project would require an immediate payment of $ ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Microeconomics Expert