Fiat monies, but not commodity monies, can be used as a store of value.
Answer the following statement true (T) or false (F)
False
Economics
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In 2009 about ________ percent of the states permit branch banking.
A. 40 B. 20 C. 80 D. 60
Economics
For perfectly competitive firms, marginal revenue always equals price.
Answer the following statement true (T) or false (F)
Economics
One can say with certainty that equilibrium price will decline when supply:
A. and demand both decrease. B. increases and demand decreases. C. decreases and demand increases. D. and demand both increase.
Economics
If marginal product is greater than average product, then
A. marginal product must be decreasing. B. marginal product must be increasing. C. average product must be decreasing. D. marginal product could either be increasing or decreasing.
Economics