When the receipts given by goldsmiths to depositors were used to make purchases:
A. the gold standard was created.
B. existing banking laws were violated.
C. the receipts became in effect paper money.
D. a fractional reserve banking system was created.
C. the receipts became in effect paper money.
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Which of the following will increase the demand for motorcycles?
a. A fall in the price of motorcycles. b. A fall in insurance rates for motorcycles. c. A fall in the price of automobiles. d. A fall in buyers' incomes (assuming motorcycles are a normal good). e. A fall in consumer preference for motorcycles.
One problem with third-party financing of health care is that
A. demand falls so that suppliers cannot take advantage of economies of scale. B. people have more incentive to utilize health care. C. it reduces the quality of health care people receive. D. it discourages people from relying on their physicians' advice in making health care decisions.
Labor productivity will decrease if a firm
A. boosts employee morale. B. holds excess labor. C. pays efficiency wages. D. improves employee benefits.
All of the following entry methods provide firms with familiarity with a foreign market, expect which one?
A) partnership B) merger C) independent entry D) joint venture