American Military University

AMERICAN MILITARY UNIVERSITY ECON 101: ECON 101 TESTS 1-3.(2025)

Amphoteric - a substance that can act as both an acid and a base Cohesion - water sticks to itself. gives water surface tension and it has the highest cohesion of all nonmetallic liquids. Adhesion - water sticks to other things. specific heat - the heat required to raise the temperature of the unit mass of a given substance by a given amount (usually one degree). At what temperature is water most dense? - 4 degrees Celsius The shape of the water molecule is unique wi...

American Military University ECON 201 ECON201 FINAL EXAM Question 1 of 29 One defining characteristic of pure monopoly is that: • A. The monopolist is a price taker • B. The monopolist uses advertising • C. The monopolist produces a product with no close substitutes • D. There is relatively easy entry into the industry, but exit is difficult Question 2 of 29 Which is a barrier to entry? • A. Close substitutes • B. Diseconomies of scale • C. Government licensing ...

American Military University ECON 201 ECON201 FINAL EXAM Question 1 of 29 One defining characteristic of pure monopoly is that: • A. The monopolist is a price taker • B. The monopolist uses advertising • C. The monopolist produces a product with no close substitutes • D. There is relatively easy entry into the industry, but exit is difficult Question 2 of 29 Which is a barrier to entry? • A. Close substitutes • B. Diseconomies of scale • C. Government licensing ...

SEJPME 2, MOD 15 TEST