Recall the Application about Bitcoin and other cryptocurrencies to answer the following question(s). According to the Application, the disadvantage to using Bitcoin is:
A. that is not backed by any government.
B. that it can be used anonymously.
C. that it can be used to transfer money without the use of traditional banks.
D. the value of Bitcoin has varied sharply over time.
Answer: D
You might also like to view...
George Herman (Babe) Ruth was a superb baseball player, both an excellent pitcher and a record-breaking batter
Other members of the New York Yankee team, who were not as competent pitchers as Ruth, nonetheless had a comparative advantage over Ruth in pitching because A) Ruth was such a competent batter. B) the owners of the Yankees were more interested in monetary profits than in winning baseball games. C) the price system failed to provide adequate information and incentive. D) they were allowed to pitch more often and practice increased their productivity. E) too many players preferred batting to pitching.
If a firm shuts down in the short run it will
A) break even. B) suffer a loss equal to its fixed costs. C) declare bankruptcy. D) suffer a loss equal to its variable costs.
When there are gains from trade, the trading nations would be worse off if no trade took place
Indicate whether the statement is true or false
The labor force consists of:
a. people more than 20 years old and who are looking for work. b. people more than 16 years of age and older working or looking for work. c. all adults above 18 years of age with job skills. d. all working adults employed for more than forty hours a week.