The U.S. dollar is a good example of fiat money

a. True
b. False
Indicate whether the statement is true or false


True

Economics

You might also like to view...

The above figure shows the demand and cost curves for a monopolistically competitive firm in the long run. The firm maximizes its profit by

A) producing 8 units and charging a price of $5. B) producing 8 units and charging a price of $15. C) producing 16 units and charging a price of $10. D) producing 20 units and charging a price of $25.

Economics

Discuss the importance of rural-urban migration as a source of urban population growth in various parts of the developing world, being as specific as you can

What will be an ideal response?

Economics

The budget line facing a household includes information on

a. prices of two goods and household income. b. household income and the price of money. c. the price of one good and household income. d. the price of two goods but no information on household income. e. preferences of goods at various prices.

Economics

Governments often use 2 other methods of intervention in the markets for farm products including:

What will be an ideal response?

Economics