When silver and gold were used as money, both their quantity and quality were open to question. The solution was _____
a. seashells
b. seigniorage
c. token money
d. coinage
e. fiat money
d
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Refer to Figure 13-11. What is the allocatively efficient output for the firm represented in the diagram?
A) Q1 units B) Q2 units C) Q3 units D) Q4 units
Provide a concise statement about the relationship between multinational corporations and:
(a) domestic employment, (b) foreign exchange, (c) taxes, (d) investment, (e) consumption, (f) industrialization, (g) inequality, and (h) technology.
Under the old Soviet version of communism in the U.S.S.R., the questions of 'What?', 'How?', and 'For whom?' were answered by
A. a democratically elected congress called the Duma. B. the law of supply and demand. C. the decisions of hundreds of millions of individual consumers. D. a government planning committee.
GDP as a measure of the nation's economic performance
A. includes the value of final goods and services produced in the economy. B. excludes nonmarket transactions. C. excludes the value of intermediate goods. D. excludes the sale of secondhand goods.