According to the textbook, the good that emerged as money in World War II POW camps was
A) tinned beef.
B) toilet paper.
C) cigarettes.
D) cheese.
C
Economics
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Which of the following is TRUE?
A) MPC + MPS = 1 B) MPC * MPS = 1 C) MPC - MPS = 1 D) MPC / MPS = 1
Economics
Raising funds through ________ is called indirect finance
A) retaining earnings B) issuing stock C) financial intermediaries D) issuing bonds
Economics
"Supply creates its own demand" is known as
A) Smith's law. B) Say's law. C) the circular flow. D) the Ricardian dilemma.
Economics
In a steady-state economy with no population growth, output per worker is 35, the saving rate is 20 percent, and the depreciation rate is 11 percent. The level of capital per worker is ________
A) 64 B) 19 C) 39 D) 28
Economics