Physical currency is ________ popular than e-cash, ________
A) less; and both are portable and recognizable
B) more; and both are portable and recognizable
C) more; but only physical currency is portable and recognizable
D) more; and both are portable, untraceable and anonymous
E) less; but both are portable, untraceable and anonymous
D
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Opportunity cost is illustrated in a production possibilities frontier (PPF) by a movement
A) from the region within the PPF to a point on the PPF. B) from the region within the PPF to the region outside of the PPF. C) from the region outside of the PPF to a point on the PPF. D) along the PPF where to gain more of one good it is necessary to give some of another good.
Which one of the following statements is TRUE for Norway, a non-euro country?
A) Of course, owners of capital that cannot be moved cannot avoid more of the economic stability loss due to fixed exchange rates when Norway's economy is open to capital flows. B) Even owners of capital that cannot be moved can avoid more of the economic stability loss due to fixed exchange rates when Norway's economy is open to capital flows. C) Owners of capital that cannot be moved can avoid more of the economic stability loss due to fixed exchange rates when Norway's economy is closed to capital flows. D) Even owners of capital that can be moved can avoid more of the economic stability loss due to fixed exchange rates when Norway's economy is closed to capital flows. E) Only owners of capital that can be moved can avoid more of the economic stability loss due to fixed exchange rates when Norway's economy is open to capital flows.
The likelihood of successful collective action:
A. can be lower for large groups. B. can be higher for large groups. C. can be lower for small groups. D. generally does not depend on the size of the group.
A trade surplus occurs when:
A. The dollar value of exports exceeds the dollar value of imports. B. The gains from trade are not fully realized. C. A country does not have a comparative advantage in any goods. D. The cost of goods is so high that imports exceed exports.