Which of the following methods was NOT used to help the North finance the Civil War (1861–1865)?
(a) Selling large amounts of bonds
(b) Issuing fiat Federal paper money
(c) Raising taxes
(d) Selling confiscated property
(d)
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Suppose that Tom bought a bike from Helen for $195. If Helen's reservation price was $185, and Tom's reservation price was $215, the seller's surplus from this transaction was:
A. $20 B. $215 C. $195 D. $10
The chief function of the Federal Reserve is to be the federal government's tax collection institution
a. True b. False Indicate whether the statement is true or false
Interest is the payment for the use of
a. borrowed funds. b. natural resources. c. labor. d. any factor of production.
More than three-fourths of the unemployed are recent entrants into the labor force
a. True b. False Indicate whether the statement is true or false