Checkable deposits are money because they are:
A. acceptable in exchange.
B. legal tender.
C. fiat money.
D. token money.
Answer: A
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According to the textbook application, the EPA reported in 1993 that
a. secondhand smoke was a carcinogen b. secondhand smoke was prohibited from public places c. secondhand smoke did not pose a human health risk d. none of the above
The tools, instruments, machines, and buildings that people use to produce goods and services are called human capital
Indicate whether the statement is true or false
Refer to the above table. Demand is least price elastic at a price of
A) $10.00. B) $7.50. C) $7.00. D) $5.00.
A year-long drought that destroys most of the summer's crops would be considered a:
A. short-run supply shock. B. long-run demand shock. C. long-run supply shock. D. short-run demand shock.