Two Government-Created Barriers to Entry Are

question 18

Multiple Choice

Two government-created barriers to entry are

• A) licensing and economies of scale.
• B) economies of scale and patent system/copyright law.
• C) licensing and patent system/copyright law.
• D) economies of scale and control of resources.
• E) licensing and control of resources.

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Definitions:

Ledger

A book or collection of financial accounts where all transaction records are summarized and recorded.

Journal

A book or digital record where all financial transactions are initially recorded in chronological order before being posted to accounts in the ledger.

Debit

A bookkeeping record that leads to either a rise in assets or a fall in liabilities in a firm's balance sheet.

Note Payable

An official pledge in writing to return a specified sum of cash, often with added interest, on a set future date.