India's decision in late 2016 to withdraw from circulation all existing 500- and 1,000- rupee paper currency, to stop accepting the old currency, and to stop exchanging it for new currency was an attempt by policymakers to
A) eliminate all currency from the economy.
B) increase the size of the underground economy.
C) reduce corruption.
D) end hyperinflation.
Answer: C
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Insurance companies do NOT cover losses that would
A) happen to all of the policyholders at once. B) happen with a very low probability. C) happen to just a handful of policyholders. D) happen with uncertainty.
As nations become? richer, average family size increases.
What will be an ideal response?
Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, Point F
A. is efficient and attainable. B. cannot be produced with the current state of technology. C. represents underallocation of resources. D. represents what the people want.
Assume the total product of two workers is 160 and the total product of three workers is 180. The three worker's average product is ________ while the third worker's marginal product is ________.
A. 60; 20 B. 20; 26.67 C. 320; 540 D. 20; 60