question archive 1) Be able to describe barriers to entry into a market 2
1) Be able to describe barriers to entry into a market 2
Subject:EconomicsPrice: Bought3
1) Be able to describe barriers to entry into a market
2. Be able to discuss the effects of an increase in the cost of inputs in a market
3. Be able to explain the effects of government regulation on monopolies. You will need a specific example...
4. How can business owners attract qualified laborers and prevent employee turnover? What impact have labor unions had on workers and businesses?
5. Do you think the advantages of owning a franchise outweigh the disadvantages?
6. Which criteria do economists use to determine whether a person is employed or unemployed?
7. Understand how to read the Lorenz Curve and what it means Explain the impact of future expectations on the current economy
8. Why should a country engage in trade rather than try to produce everything on its own?
9. Explain a scenario where a country has a large amount of wealth but is still considered a less developed country (LDC).
