On January 12, 2011, one U.S. dollar was worth 0.78 euros. How many U.S. dollars did it take to buy one euro?
a. 0.78
b. 1.28
c. 1.43
d. 1.70
b
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Which nation achieved the ideal communist society as described by Marx?
Which president said, "Prosperity is just around the corner"?
A) Herbert Hoover near the start of the Great Depression B) Franklin Delano Roosevelt near the start of the Great Depression C) George W. Bush near the start of the Great Recession D) Barack Obama near the start of the Great Recession
Which of the following defines the "unit of account" function of money?
a. A common measurement of the relative value of different goods and services. b. The ability of money to hold value over time. c. The materials used to manufacture money are of medium grade or quality, so that people will not hoard money for its commodity value. d. Money is widely accepted in exchange for goods and services.
A commodity tax increases gains from trade.
a. true b. false