The main advantage that metal coins had as money over pieces of un-minted metal was
What will be an ideal response?
that it was much easier to determine the quantity and quality of the metal contained in coins.
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The money demand curve relates ________ to the ________.
A. the aggregate quantity of money demanded; price level B. the aggregate quantity of money demanded; nominal interest rate C. aggregate demand; nominal interest rate D. the aggregate quantity of money demanded; aggregate demand
In Figure 16-2 above, the line BF is
A) the MPK less the user cost of capital. B) the user cost of capital less MPK. C) the MPK. D) the demarcation line for profitability.
A regulated firm is _________, but has no __________
a. a monopolist; control over prices b. privately owned; control over prices c. privately owned; board of directors d. a monopolist; board of directors e. fully autonomous; board of directors
When negative externalities are present in a market,
a. producers will be affected but consumers will not. b. producers will supply too much of the product. c. demand will be too high. d. the market will still maximize total benefits.