In the situation of hyperinflation in a modern economy, people can switch to _____
a. fiat money
b. near money
c. fiduciary money
d. commodity money
d
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Of the following items, which has the most inelastic demand?
A) food B) fruit C) apples D) Gala apples
If the federal government runs a budget _______, then the national debt becomes __________
a. surplus, larger b. deficit, smaller c. surplus, smaller d. none of the above
For the Bureau of Labor Statistics to place someone in the "unemployed" category, that person must
a. be available for work. b. have tried to find employment during the previous week. c. have previously been employed. d. All of the above are correct.
Dumping typically occurs as long as the foreign producer sells its output at a price
A. below its average total costs but above its average variable costs. B. above its average fixed costs but below its total variable costs. C. above its total costs. D. below its average variable costs.