A unique resource can serve as
A) an economic profit
B) a sunk cost
C) an entry barrier
D) none of these choices
C
Economics
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Shortage means the same thing as scarcity
Indicate whether the statement is true or false
Economics
Which of the following appears to be evidence against the public interest view of the Fed's motivation?
A) The conflict with the Treasury over interest rate fixing during World War II. B) The failure of the Fed to emphasize the goal of price stability. C) The unwillingness of the Fed to turn over its excess profits to the Treasury. D) The independence of Fed chairmen from the authority of the President.
Economics