People demand money for all of the following reasons EXCEPT
A) it generates a rate of return. B) it is a medium of exchange to make payments.
C) it is a store of value. D) it can meet unplanned expenditures.
A
Economics
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Governments should provide nonrival, nonexcludable goods only if the social benefits of the goods outweigh the cost of producing those goods
Indicate whether the statement is true or false
Economics
High barriers to entry protect the market power of existing firms and discourage the formation of firms which:
a. invest heavily in research and development activities. b. use illegal procedures to capture the market. c. are inefficiently small and cannot realize economies of scale. d. are large enough to dominate the existing firms.
Economics