The primary concern of current critics of fiat money is that:
A. fiat money is too easy to counterfeit.
B. government will issue too little threatening economic growth.
C. fiat money is too costly to produce.
D. governments issue too much money threatening its value.
Answer: D
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When all of the available factors of production are being efficiently employed, the
A) economy is producing at a point within its PPF. B) economy is producing at a point on its PPF. C) economy is producing at a point beyond its PPF. D) PPF disappears. E) opportunity cost of changing production is infinite.
Restructuring of the natural gas industry has essentially made it a competitive industry
Indicate whether the statement is true or false
Between 1960 and 2001, the labor force participation rate increased for each of the following groups except
a. married women b. married men c. single women d. single men
The shape of an experience curve suggests that
A) specialization does not matter. B) learning does not pay. C) experience can lower costs. D) none of these choices.