The fact that you can use money to buy things is a result of which characteristic?
A. The fact that it is a measure of value.
B. Its use as a medium of exchange.
C. The fact that it is a store of value.
D. The fact that it is backed by gold.
Answer: B
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Use the following graph to answer the question below.
The quantity where marginal benefit equals marginal cost is
A. 290. B. 200. C. 130. D. 0.
Which of the following is considered to be a goal of monetary policy?
A) a low federal budget deficit B) fair wages C) price stability D) an end to poverty
A decrease in U.S. interest rates relative to Japanese interest rates will
a. decrease the supply of dollars on the foreign exchange market b. increase the demand for dollars on the foreign exchange market c. increase the supply of dollars on the foreign exchange market d. cause the value of the dollar to appreciate e. cause U.S. exports to increase
Suppose that a male police officer earns more than a female administrative assistant, but they both have the same amount of education. The difference in wages:
A. can be attributable to the increased danger of being a police officer. B. must be due to discrimination against women among police departments. C. will disappear once the labor market has reached equilibrium. D. is a violation of anti-discrimination laws.