Which of the following is best characterized as a public good?
A) a public library
B) a church
C) primary education
D) police protection
Answer: D
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When banks make new loans, the effect on reserves is the same as
A) holding excess reserves. B) expanding capital. C) purchasing securities. D) acquiring deposits.
Which of the following could not create barriers to entry?
a. Negative network externalities b. Ownership of essential inputs c. Economies of scale d. All of the above could create barriers to entry
Like any cartel, a union is a group of sellers acting together in the hope of exerting their joint market power
a. True b. False Indicate whether the statement is true or false
The most important influence on a firm's demand for a factor of production is __________.
Fill in the blank(s) with the appropriate word(s).