Money that has no intrinsic value and is created by a government decree is called:
A. barter money.
B. commodity money.
C. fiat money.
D. asset money.
Answer: C
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What effect did the decrease in the value of the dollar have on the U.S. trade deficit in the period from 2006 to 2009?
A. It decreased the trade deficit as Americans bought more U.S. capital goods. B. It decreased the trade deficit as foreigners were attracted to the increased value of U.S. products and Americans bought fewer imports. C. It increased the trade deficit as U.S. investors bought more domestic financial assets. D. It increased the trade deficit as Americans bought more imports and foreigners bought fewer U.S. products.
The labor force participation rate is
a. the civilian labor force as a percentage of the civilian non institutional population. b. the non institutional population as a percentage of the total labor force. c. the civilian labor force as a percentage of the total labor force. d. employed workers as a percentage of the civilian non institutional population.
(Ref 6-4 Table: The Market for Chocolate-Covered Peanuts) Use Table: The Market for Chocolate-Covered Peanuts. The equilibrium quantity and the equilibrium price are _____ bags per month and _____.
A. 175; $0.60
B. 140; $0.40
C. 175; $0.80
D. 210; $0.50
Approximately what percentage of the U.S. labor force works for U.S. governments at the federal, state, and local levels (as of 2011)?
A. 8. B. 13. C. 16. D. 22.