Which of the following would be an example of a public good?
A. A candy bar.
B. A painting by Monet.
C. A taxi cab.
D. A sunset.
Answer: D
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Money must be ________ which includes the fact that is should ________
A) generally accepted as a means of payment; be recognizable and divisible into small parts B) backed by gold; not decrease in value over time C) whatever is used in a barter system; transferable across countries' borders D) accepted as a means of payment across countries' borders; not be fiat money E) in physical form; not be transferable using electronic means
Emocrats often argue in favor of what to push the economy toward economic recovery, as they did during the recession that began in 2008?
A. Tax cuts B. Increase government spending C. Decrease government spending D. Encourage the public to save more
Which of the following is an accurate statement about a theory?
a. It is accepted as being true for all time. b. It has a broader scope than a hypothesis. c. It has little relation with the real world. d. It is tentatively accepted as being accurate.
An international organization created at the Bretton Woods conference in 1944 that helps coordinate international financial flows and can arrange short-term loans between countries is called? the:
A) World Bank.
B) International Monetary Fund.
C) U.S. Treasury.
D) U.S. Agency for International Development.