According to the U.S. Secret Service, approximately $2.6 billion of U.S. paper currency in circulation is counterfeit. Undetected counterfeit currency which is spent and circulated in the marketplace is an example of the counterfeit currency being used as a:
A. medium of exchange.
B. commodity money.
C. store of value.
D. bank reserve.
Answer: A
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A) Council of Economic Advisors B) Bureau of Economic Analysis C) Census bureau D) Chief Financial Officer's Council
Joe pays $8,000.00 in tuition. The 8,000 dollar tuition Joe pays is an example of what economists call
A) a relative price. B) a money price. C) an indexed price. D) an opportunity price.
Should the level of pollution be reduced to zero and if not, then to what level?
What will be an ideal response?
The Todaro model suggests that rural urban migration depends on
a. the gap between rural and urban wages b. the gap between rural and urban wages modified by the likelihood of obtaining a job in the city c. the gap between rural and urban wages modified by the likelihood of having a family member alreadyin the city d. the gap between rural and urban wages modified by government-provided employment possibilities inthe city e. none of the above