If a firm can create important complements to its original product, it has
a. Created an uncontrollable factor that can change the demand for its product
b. Created an uncontrollable factor that cannot change the demand for its product
c. Created a controllable factor that can change the demand for its product
d. Created a controllable factor that cannot change the demand for its product
c
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A unique resource can serve as
A) an economic profit B) a sunk cost C) an entry barrier D) none of these choices
Which of the following is true? a. A majority of U.S. money, whether M1 or M2, is in the form of legal tender
b. If a bank lends out its excess reserves of $90,000, at the time the loan is made, the money supply will increase by $90,000. c. Reserve requirements exist primarily to eliminate bank runs. d. When there are two forms of money available, people prefer to spend the form of money that is more valuable.