As the supply of virtual currency unit 4 (VCU4) rises, nations in which it is used can gradually lose control over their:
a. Monetary bases.
b. M2 money multipliers.
c. M2 money supplies.
d. Demand for real goods and services.
.D
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________ is the additional satisfaction a person receives from consuming an extra unit of a good
A) Total utility B) Marginal utility C) Diminishing marginal utility D) Preferences
Investors in the London Company (which was later re-formed as the Virginia Company)
a. earned substantial profits on their investment. b. earned modest profits on their investments. c. broke even, with revenues just covering the principal. d. earned substantial losses on their investment.
A natural monopoly arises when
a. there are constant returns to scale over the relevant range of output. b. there are economies of scale over the relevant range of output. c. one firm owns a key natural resource. d. the government gives a single firm the exclusive right to produce a particular good or service.
This graph demonstrates the domestic demand and supply for a good, as well as a quota and the world price for that good.
According to the graph shown, if the government restricts trade, area G represents:
A. quota rents. B. transferred surplus. C. government tax revenues. D. deadweight loss.