A barter arrangement simply means
A. that gold must be offered from one party.
B. the government has to facilitate the exchange.
C. a direct exchange of goods without the use of money.
D. a promise to pay in the future.
Answer: C
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The new $20 bills are being introduced by the U.S. Treasury primarily to diminish
a. inflation. b. poverty. c. counterfeiting. d. bank failures.
In Figure 1.3, a shift of the production possibilities curve from PP1 to PP2 could be caused by
A. A decrease in the quantity of raw materials available. B. The use of improved production technology. C. A decline in the production skills of workers. D. All of the choices are correct.
A market demand curve measures
A) how much a consumer is willing to pay for an additional unit of the good. B) the marginal social benefit of an additional unit of the good. C) the marginal social cost of an additional unit of the good. D) Both answers A and B are correct.
An increase in spending that results from expansionary ________ policy causes the interest rate to ________, everything else held constant
A) fiscal; rise B) fiscal; fall C) incomes; rise D) incomes; fall