The Vicious Circle of Poverty Implies That There Is No

question 23

True/False

The vicious circle of poverty implies that there is no way to break the circle; the poor nations will
always remain poor.

Identify the effects of barriers to entry on market structures and competition.

Understand the relationship between economies of scale, natural monopolies, and market control.

Grasp the notion of the demand curve for a monopolist and its implications for pricing and output decisions.

Recognize the role of government regulations, patents, and copyrights in creating or sustaining monopolies.

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Definitions:

Coenzymes

Non-protein chemical compounds that bind to an enzyme and help it to catalyze a reaction.

Reversible Inhibitor

A substance that forms weak bonds with an enzyme, temporarily interfering with its function; a reversible inhibitor is either competitive or noncompetitive. Compare with irreversible inhibitor.

Chemical Bonds

The attraction between atoms or molecules that allows the formation of chemical compounds, can be ionic, covalent, or metallic.

Enzyme

Organic compounds that considerably accelerate nearly all chemical processes occurring inside cells.