What determines the acceptability of dollar bills as a medium of exchange?
A) our society's willingness to use green paper notes issued by the Federal Reserve as money
B) the willingness of the Federal Reserve to redeem dollar bills for gold
C) the willingness of the U.S. Treasury to redeem dollar bills for gold
D) the public's fear that failing to accept dollar bills will trigger a hyperinflation
A
You might also like to view...
Restricting imports tends to
A) shift the demand curve for the product to the left. B) shift the demand curve for the product to the right. C) change the shape of the supply curve. D) increase the quantity supplied of a product.
When a player in a game adopts a strategy which always yields the highest benefit regardless of what the other player does, that player is using a(n)
A) opportunistic strategy. B) dominant strategy. C) tit-for-tat strategy. D) aggressive strategy.
A bank will charge a higher interest rate the:
A. longer is the length of the loan, and the higher the risk of repayment. B. longer is the length of the loan, and the lower the risk of repayment. C. shorter is the length of the loan, and the higher the risk of repayment. D. shorter is the length of the loan, and the lower the risk of repayment.
The welfare loss associated with the outcome in a competitive oligopoly is:
A. smaller than that of a monopoly. B. the same as that of colluding oligopolists. C. bigger than that of a monopoly. D. the same as that of a monopoly.