All coins in circulation within the United States are:

A. checkable deposits.
B. near monies.
C. time deposits.
D. token money.


Answer: D

Economics

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Suppose a consumer buys only food and clothing. If the quantity of food bought decreases while that of clothing remains the same, their marginal utility from food will: a. fall relative to the marginal utility of clothing

b. rise relative to the marginal utility of clothing. c. rise, but not as fast as their marginal utility of clothing rises. d. fall, but not as fast as their marginal utility of clothing falls.

Economics

Why do most economists favor emissions taxes and transferable pollution rights over compliance standards as pollution deterrents?

Economics

A local flower grower grows products in a plot of land which is exceptionally colorful, and is admired by many passersby. There is no way to charge for this in the price of the flowers. We can safely conclude that

a. the florist produces too many flowers. b. the florist produces too few flowers. c. the florist produces the right amount of flowers. d. society pays the socially optimal amount for the flowers.

Economics

A rising price level should shift the expenditure schedule

a. upward and decrease equilibrium real GDP. b. downward and increase equilibrium real GDP. c. downward and decrease equilibrium real GDP. d. upward and increase equilibrium real GDP.

Economics