Coins were minted with serrated edges:
a. to make it obvious that they were made of cheap alloys.
b. so that cheaper metals did not have to be used
c. to allow words to be printed on the border.
d. to prevent the coins from being clipped.
e. to make them jingle less when they rub together.
d
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If country X has a higher capital per person than country Y, then ________
A) country X is richer than country Y B) the only way for country X to be richer than country Y is if X is just as productive (has the same TFP) as Y C) the only way for country Y to be richer than country X is if Y is more productive (has a higher TFP) than X D) the only way for country X to be richer than country Y is if X is less productive (has a lower TFP) than Y E) none of the above
An increase in the money supply will tend to
A. lower interest rates and lower the equilibrium GDP. B. lower interest rates and increase the equilibrium GDP. C. increase interest rates and increase the equilibrium GDP. D. increase interest rates and lower the equilibrium GDP.
For Brent, if the marginal utility of sleeping an extra hour, from 8 a.m. to 9 a.m., is negative: a. Brent is better off getting up at 8 a.m. or earlier
b. Brent is better off getting up at 9 a.m. c. Brent's total utility from sleeping must be negative. d. Brent's average utility from every hour he sleeps must be negative.
When, in 1811, Congress did not renew the charter of the First Bank of the United States,
a. bank note depreciation and fraud became commonplace b. most banks accepted all specie payment c. state-chartered banks declined d. Alexander Hamilton rewrote the banking-related articles of the Constitution e. Civil War was declared