The paper currency that is currently being used in the U.S. is an example of ________ money
A) fiat B) price-indexed C) commodity D) hard
A
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Production processes in developing countries tend to be
a. labor intensive b. capital intensive c. highly automated d. market oriented e. none of the above
The term "dollar votes" means:
A. inflation will occur if consumers do not spend wisely. B. government is responsible for determining what will be considered legal money. C. voters may be offered dollars to help elect certain political candidates. D. consumers "vote" for certain products to be produced by how they spend their incomes.
The Federal Reserve is a branch of the Treasury Department, and is therefore subject to significant government control
Indicate whether the statement is true or false
The labor force is the sum of the working-age population and the number of unemployed people
Indicate whether the statement is true or false