We want money mostly because
A) it makes us happy.
B) we can buy goods with it.
C) we lengthen the life of our mattress.
D) we trust it.
B
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Which of the following Federal Reserve Banks carries out the decisions of the FOMC?
A) the Kansas City Federal Reserve Bank B) the New York Federal Reserve Bank C) the Dallas Federal Reserve Bank D) the San Francisco Federal Reserve Bank E) the Atlanta Federal Reserve Bank
In the long run, a tax placed on a perfectly competitive industry should
A. increase the number of firms. B. not affect the number of firms. C. decrease the number of firms. D. One cannot tell
According to long-run growth models, which of the following is least likely to increase potential output?
A. Higher levels of saving and capital accumulation B. More rapid development of growth-compatible institutions C. Increased levels of entrepreneurship D. Increased aggregate demand
Firms in a trust:
A. act as a single firm. B. act in their own self-interests. C. trust each other. D. do not allow a small number of trustees to make decisions for participating firms.