The U.S. dollar is backed by ____________.
Fill in the blank(s) with the appropriate word(s).
nothing (or the U.S. government's word)
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Which of the following is true of the 2008 Troubled Asset Relief Program?
A) It was a contractionary fiscal policy. B) It was a contractionary monetary policy. C) It was a mix of monetary and fiscal policies. D) It mainly aimed at reducing inflation.
For the United States, Lorenz curves show that
A) income is more equally distributed than wealth. B) income is less equally distributed than wealth. C) incomes have increased over time. D) blacks and Hispanics became better off in the 1990s.
Profit maximization occurs where
A) each factor is used up to the point where its marginal revenue product is equal to its marginal factor cost. B) each factor is used up to the point where its marginal physical product is equal to its marginal factor cost. C) average variable cost equals marginal cost. D) average variable cost equals average total cost.
As the price of a good increases, the marginal utility per dollar spent on that good will also increase
a. True b. False Indicate whether the statement is true or false