In the modern U.S. economy, most transactions are made with
a. cash.
b. gold and silver.
c. credit cards.
d. checking deposits.
d
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In the figure above, what is the size of the multiplier?
A) 0.25 B) $2 trillion C) 4.0 D) $0.5 trillion E) More information is needed to determine the size of the multiplier.
Which of the following firms is not able to practice price discrimination?
A) commercial airlines B) the largest wheat farmer in Nebraska C) land-line telephone companies D) movie theaters
The "Okies" were associated with each of these EXCEPT
A. the Dust Bowl. B. John Steinbeck's The Grapes of Wrath. C. the Great Depression. D. the rust belt.
A study of consumers in an area found that as family income increased from $25,000 per year to $35, 000 per year, other factors held constant, the number of houses purchased increased from 7,000 per year to 11,000 per year. This finding indicates an income elasticity of demand coefficient for housing over this family income range of:
A. 0.22. B. 0.75. C. 1.33. D. 4.50.