Until the United States Civil War, The Unites States had a
A) gold-based monetary standard.
B) silver-based monetary standard.
C) bimetallic monetary standard consisting of silver and gold.
D) bimetallic monetary standard consisting of copper and silver.
E) bimetallic monetary standard consisting of copper and gold.
C
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An economy that trades with the rest of the world is a(n) ________.
A. command economy B. closed economy C. open economy D. trade economy
A decrease in German Treasury interest rates, all else held constant, causes a leftward shift in the __________ euros and causes the dollar to __________ against the euro
A) supply of; appreciate B) supply of; depreciate C) demand for; appreciate D) demand for; depreciate
The marginal propensity to consume (MPC) is defined as the fraction of
a. extra income that a household consumes rather than saves. b. extra income that a household either consumes or saves. c. total income that a household consumes rather than saves. d. total income that a household either consumes or saves.
Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, Point F
A. is efficient and attainable. B. cannot be produced with the current state of technology. C. represents underallocation of resources. D. represents what the people want.