This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The United States Mint is the only legal entity to produce circulating coinage for the United ... (Read 126 times)

dmcintosh

  • Hero Member
  • *****
  • Posts: 517
on: Jun 29, 2018
The United States Mint is the only legal entity to produce circulating coinage for the United States. What are the barriers to entry, if any, that protect this firm from competition?
 
  A) The United States Mint is a natural monopoly.
  B) The United States Mint has a government license to produce coinage.
  C) The United States Mint is a public franchise to produce coinage.
  D) The United States Mint has a patent or copyright to produce coinage.

Question 2

What two important functions are performed by the price system?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

brittrenee

  • Sr. Member
  • ****
  • Posts: 321
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

(1.) The price system is an automatic mechanism for distributing goods and services.
(2.) The price system determines the allocation of resources among producers and the final mix of outputs.


dmcintosh

  • Hero Member
  • *****
  • Posts: 517
Reply #2 on: Jun 29, 2018
Correct answers!


brittrenee

  • Sr. Member
  • ****
  • Posts: 321
Reply #3 on: Jun 29, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

Did you know?

Your chance of developing a kidney stone is 1 in 10. In recent years, approximately 3.7 million people in the United States were diagnosed with a kidney disease.

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

Vaccines cause herd immunity. If the majority of people in a community have been vaccinated against a disease, an unvaccinated person is less likely to get the disease since others are less likely to become sick from it and spread the disease.

Several species of squirrels have melanistic phases. In large parts of United States and Canada, the Several species of squirrels have melanistic phases. In large parts of United States and Canada, the
Four different spindle attachments produce four second-division segregation patterns Four different spindle attachments produce four second-division segregation patterns
Execution in the United States Execution in the United States
Incidence of acute hepatitis B in the United States, 1980–2008. Incidence of acute hepatitis B in the United States, 1980–2008.
Food Assistance Programs in the United States Food Assistance Programs in the United States
Age structure for the United States Age structure for the United States
Video: Protein catabolism (Krebs cycle) and Protein anabolism (protein synthesis)

For a complete list of videos, visit our video library