Which of the following statements is not true?
a. The rate at which Bitcoins grow is very similar to Milton Friedman's k-percent rule.
b. Bitcoins can be bought, traded, and earned by solving a time-consuming computer algorithm.
c. Bitcoins are becoming more widely accepted by real-world merchants.
d. All of these statements are true. None is false.
.D
You might also like to view...
Which of the following is not considered to be a resource in economics?
A. land B. labor C. machinery D. money
Which of the following statements is true?
A) An optimizing individual is also likely to exhibit rationality. B) Optimization requires individuals to foresee the future perfectly. C) The less information that is available, the easier it is to make optimal decisions. D) An optimizing individual need not consider the risks involved in various choices.
Which of the following is one of the macroeconomic goals established by the 1946 Employment Act?
A. Providing an economic environment conducive to growth B. Maintaining a constant level of consumer expenditure C. Preventing large fluctuations in exchange rates D. Ensuring that employers pay workers a minimum wage sufficient to escape poverty
Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, Point A necessarily represents
A. only hybrid cars being produced. B. an unattainable production point. C. what society wants. D. the economy's optimal production point.