Circulating private bank notes
A) have never been used in the United States.
B) were widely used in the Free Banking Era.
C) were widely used in the United States during the Great Depression.
D) are still currently in use in Canada.
B
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Most economists believe that the market __________ produce nonexcludable public goods because of the __________.
A. will; monetary incentive they have to produce them B. will not; externality problem C. will not; free rider problem D. will; market shortage that often accompanies the production of public goods. E. none of the above
Both M1 and M2 are monetary values much larger than nominal GDP
a. True b. False Indicate whether the statement is true or false
Compounding:
A. is beneficial to savers, but costly to borrowers. B. is beneficial to borrowers, but costly to savers. C. is beneficial to borrowers and savers alike. D. is costly to both borrowers and savers.
The opportunity cost of investing is represented by:
a. the present value of the investment. b. the marginal resource cost. c. the marginal revenue product. d. the interest rate.