In the United States, the dollar was commodity backed:
A. until the Civil War.
B. until 1971.
C. until World War II.
D. Until financial crisis of 2008.
Answer: B
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Ginger bought a phone that came with a $10 rebate. Ginger should fill out and mail in the rebate form if:
A. Ginger's surplus from purchasing the phone was less than $10. B. the opportunity cost of the time and trouble of sending in the rebate form is more than $10. C. the opportunity cost of the time and trouble of sending in the rebate form is less than $10. D. she would have bought the phone without the rebate, and so sending in the rebate form involves no opportunity cost.
Use the figure below to answer the following question.
If actual production and consumption occur at Q2
A. missing surplus of a + b + c + d occurs. B. economic surplus is maximized. C. missing surplus of e + f occurs. D. missing surplus of a + c occurs.
What is the price of investment? How are they related? What has to be done to increase investment?
What will be an ideal response?
Imports from China represent ____ of total U.S. imports
a. less than 20% b. approximately 40% c. approximately 60% d. more than 80%