What does the text mean by the question, "Where Is All the Currency?" How does it answer the question?
The amount of currency per person is nearly $3, 700 . Most people carry far less than this. The question is, "where is the rest of the currency?" Foreigners and criminals hold some. In some foreign countries, people have more confidence in the U.S. dollar than in their own currency. Criminals use currency because it makes it harder for the government to trace their activities than if they used bank accounts. So they may hold above average amounts of currency.
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Poverty is most likely to decrease when
A. Population growth exceeds economic growth. B. GDP increases regardless of what happens to population growth. C. Economic growth exceeds population growth. D. Population increases regardless of what happens to economic growth.
Because the cost of healthcare as a percent of GDP rises and as a result productivity gains tend to fall, it is said the healthcare industry suffers from ________________________.
Fill in the blank(s) with the appropriate word(s).
Jerome, the florist, sold 500 bridesmaid's bouquets in June. He estimates his costs that month were ATC = $10, AVC = $6, and MC = $9. If he sold each bouquet at the constant market price of $9, Jerome:
A. made an economic profit of $500. B. made a loss of $500. C. should have shut down in June. D. made a loss of $1,500.
Tax revenues
What will be an ideal response?