Which type of money has the lowest opportunity cost?
a. Silver coins
b. Gold coins
c. Commodity money
d. Diamonds
e. Fiat money
e
You might also like to view...
A consol paying $20 annually when the interest rate is 5 percent has a price of
A) $100. B) $200. C) $400. D) $800.
Due to diminishing marginal returns, the ultimate source of economic growth in the United States from 1949 to 2010 has been
A) capital. B) labor. C) total factor productivity. D) Capital, labor, and total factor productivity are all subject to diminishing marginal returns, and therefore are all equally responsible for economic growth.
If the government budget is balanced, and saving is greater than investment, then the
A. current account must be in surplus. B. current account must be in deficit. C. current account balance must be zero. D. capital account must be in surplus.
Market
What will be an ideal response?