Paper money has been in use since the
a. Roman Empire.
b. eleventh century in China.
c. Civil War in the United States.
d. development of money-center banking in nineteenth-century London.
b
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Each of the following is an example of an economic resource except
A. land. B. money. C. capital. D. labor.
If there is both a decrease in immigration and an increase in workers' non-wage incomes, a. the supply of labor will increase
b. the supply of labor will decrease. c. the supply of labor will remain unchanged. d. the effect on the supply of labor will be indeterminate.
Output per person on a country level is another way to think about:
A. nominal GDP. B. real GDP per capita. C. GDP growth rates. D. productivity.
Which would help resolve structural stagnation?
A. Productivity rises B. Productivity falls C. Domestic exchange rates rise D. Domestic wages rise