Which of the following is the best example of a natural monopoly?

A) ownership of the only ferry across Puget Sound for twenty miles
B) the United States Postal Service
C) the cable television company in your hometown
D) owning the only licensed taxicab in town
E) producing a patented drug

C

Economics

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Buyers and sellers receive signals from markets

A) by listening to the TV news programs. B) through the price system. C) from the gossip columns in the newspapers. D) from their friends and acquaintances.

Economics

People who focus on the "competitiveness" of the United States are

A) focusing on the right thing if the United States is to stay a leading economic power. B) treating the United States as if it is a business firm. C) also focusing on the importance of education. D) correctly recognizing that trade is a zero-sum game.

Economics