Silver is an example of a
A) commodity money. B) fiat money.
C) barter money. D) representative money.
A
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What is the relationship between wants, factors of production, scarcity, and choices? Discuss the relationship for an individual and for a society
What will be an ideal response?
The above table shows some of the balance of payments accounts for Urland. What is Urland's balance on the capital and financial account?
A) -$146 billion B) -$183 billion C) -$99 billion D) $142 billion
International data suggests that
a. convergence is not taking place. b. convergence is taking place among poor countries but not among rich countries. c. convergence is taking place among all countries. d. convergence is taking place among rich countries but not among poor countries.
The argument that supply for apartments is more elastic in the long run is based on the idea that
A. landlords will rent only what they have. B. people will change apartments quickly when there are small changes in rent. C. it is costly to move to a different location. D. it takes time to refurbish existing apartments or build new ones.