The United States did not have a central bank until
A. 1900.
B. 1913.
C. 1929.
D. 1946.
B. 1913.
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Which of the following is an example of a public good?
A) a lighthouse B) a box of cookies C) any kind of public transportation D) the subway
Nominal exchange rates
a. vary little over time. b. vary substantially over time. c. appreciate over time for most countries. d. depreciate over time for most countries.
The table below describes the value added in the production of a gallon of gasoline by each stage of production
(The values are hypothetical.) a) What is the value added by each stage of production? b) What is the total value added? For simplicity, you can ignore the cost of the inputs for oil drilling.
Money is:
a. valuable because it is backed by gold. b. any items used in barter. c. an illiquid asset. d. none of these.