Bitcoin:
a. Is a physical currency that can be converted freely into a wide variety of virtual and (other) real currencies?
b. Virtual currency that keeps track of Bitcoin owners and users by means of a clearing house called Mt. Gox.
c. Is a virtual currency that publishes online the details on all its customers' addresses but manages to keep customers' identities secret by not publishing any facts related to their transactions?
d. Is a virtual, peer-to-peer currency.
.D
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An excise tax
a. is a sales tax on the purchase of a particular good or service. b. is a tax on the profits earned from the sale of an asset. c. represents a surcharge on corporate profits beyond the normal corporate tax rate. d. is a tax on income-earning rental property.
Which of the following is a tax on labor?
a. Medicare tax b. Social Security tax c. federal income tax d. All of the above are labor taxes.
The quantity of loanable funds supplied by firms is
A. independent of the interest rate. B. negatively related to the rate of return. C. inversely related to the interest rate. D. positively related to the interest rate.
Assume the Fed decreases the money supply and the demand for money curve is fixed. In response, people will:
A. sell bonds, thus driving up the interest rate. B. buy bonds, thus driving down the interest rate. C. buy bonds, thus driving up the interest rate. D. sell bonds, thus driving down the interest rate.