Whatever serves as a medium of exchange is:
a. money
b. money, as long as it is also the best such medium of exchange available.
c. money, as long as it is not also a commodity.
d. money, as long as it is not also legal tender.
e. not money, unless it continues to be backed by its issuing institution.
a
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The figure above shows the market for the chemical hydrogen sulfide, the production of which creates an external cost. The government imposes the pollution tax shown in the above figure. What quantity is produced after the pollution tax is imposed?
A) zero pounds B) 80 million pounds C) 160 million pounds D) more than 160 million pounds E) more than 80 million pounds and less than 160 million pounds
At any given time, about 95% of the population in the United States lacks health insurance.
A. True B. False C. Uncertain
If managers minimize costs they have maximized profits
Indicate whether the statement is true or false
When the Federal Reserve system was being created, some people thought that there should be as few district banks as possible to enhance efficiency and for ease of operation
Indicate whether the statement is true or false