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 151 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?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Did you know?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

Did you know?

The horizontal fraction bar was introduced by the Arabs.

Did you know?

Bacteria have been found alive in a lake buried one half mile under ice in Antarctica.

Did you know?

Sildenafil (Viagra®) has two actions that may be of consequence in patients with heart disease. It can lower the blood pressure, and it can interact with nitrates. It should never be used in patients who are taking nitrates.

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
An alternating pneumatic compression device squeezes the leg tissues causing blood to move toward th An alternating pneumatic compression device squeezes the leg tissues causing blood to move toward th
tongue states tongue states
A woman in a net on a Congo shore. Although the importation of slaves was illegal after 1807, histor A woman in a net on a Congo shore. Although the importation of slaves was illegal after 1807, histor
Different types of fog found throughout the United States Different types of fog found throughout the United States
Bt corn has been genetically engineered to produce a protein Bt corn has been genetically engineered to produce a protein
Video: Male Reproductive System - The gonadotropin releasing hormone

For a complete list of videos, visit our video library