Money that has no intrinsic value and is created by a government decree is called
A) barter money. B) fiat money.
C) commodity money. D) asset money.
B
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If Bob in Texas buys bonbons made in France for $25, and the French chocolatier buys stock in IBM for $25, then the French net exports:
A. and net capital outflow are both zero. B. and net capital outflow both equal $25. C. is zero and net capital outflow is $25. D. equals $25 and net capital outflow is zero.
Between Labor Day weekend and the date of the U.S. presidential election in 2008,
A. Lehman Brothers filed for bankruptcy. B. Fannie Mae and Freddie Mac were placed in conservatorship. C. the U.S. Treasury and the Federal Reserve asked Congress for $700 billion for TARP. D. all of the options are correct.
An externality is
A. a third-party benefit or cost that is associated with the production of a good. B. transaction costs. C. government intervention in the markets. D. when external forces such as war or flood affect the market.
What are the economic effects of imposition of a new occupational license or examination on a labor market?
What will be an ideal response?