How did the U.S. government make the American public have confidence in the nation's currency in the 1870s?
(A) The government permitted state-chartered banks to issue currency.
(B) The government established the First Bank of the United States.
(C) The government backed the currency with cotton.
(D) The government adopted the gold standard.
Ans: (D) The government adopted the gold standard.
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A. $600;5 B. $600;4 C. $500;5 D. $500;4
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A) the different quantities of a good or service people will buy at different possible prices. B) the different types of goods and services that people of different income levels want to buy. C) how changes in the prices of all goods affect people's buying behavior. D) changes in people's consumption behavior over time.
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Ceteris paribus, if the French decide they want to drink more Chinese-grown tea, this causes the ________ Chinese currency to ________.
A. supply of; decrease B. demand for; decrease C. demand for; increase D. supply of; increase