Which of the following is an example of representative money?

People who reject all theories because they prefer to rely on experience

A) actually rely on unrecognized theories. B) don't know any theories and are trying to cover up their ignorance. C) tend to accomplish more but also to make more mistakes. D) tend to make fewer mistakes but also to accomplish less. E) value science more than theory.

In terms of market failure, what is meant by monopoly?

a. The government holds the power to control prices, lower unemployment, or reduce inflation. b. Most of the resources in an economy are controlled by CEOs and other business executives. c. Technological change spurs significant growth in one economic sector while leaving others unchanged. d. One seller dominates a market and excludes others from participating in mutually beneficial exchange.