An example of a good that can be used for money that has intrinsic value is:
A. fish.
B. cigarettes.
C. gold.
D. All of these have intrinsic value.
Answer: D
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According to polling data, Americans believe that after-tax corporate profits are
A. less than 10 percent of corporate product prices. B. nearly 50 percent of the corporate product price. C. approximately 36 percent of corporate product prices. D. approximately 25 percent of corporate product prices.
The most common form of trading goods for goods is
A. bilateral trade. B. government commodity distribution. C. status-based trades. D. barter. E. payments in kind.
U.S. corporation Wright Air Conditions borrows funds to build a factory in the U.S. and a factory in Mexico. Borrowing for factories in which location(s) is included in the U.S. demand for loanable funds?
a. only the U.S. b. only Mexico c. Mexico and the U.S. d. neither Mexico nor the U.S.
Other things the same, if the central bank decreases the rate at which it increases the money supply, then
a. unemployment and inflation rise in the short run. b. unemployment rises and inflation falls in the short run. c. unemployment falls and inflation rises in the short run. d. unemployment and inflation fall in the short run.