Barriers to entry are forces that:
A. promote a more efficient allocation of resources across the economy.
B. limit the government from intervening in markets.
C. limit consumers from purchasing new products.
D. limit new firms from joining an industry.
Answer: D
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A barter system of payment is
A) different from a money system of payment because money does not require a double coincidence of wants. B) similar to a money system of payment because both require a double coincidence of wants. C) different from a money system of payment because the barter system is a better unit of account. D) similar to a money system of payment because both use one asset as a unit of account. E) similar to a money system of payment because both are used as stores of value and units of account.
A central bank that is buying its own currency might be trying to ________
A) weaken its currency B) increase the domestic money supply C) reduce domestic interest rates D) reduce inflation