One advantage to using gold as the basis for a currency is that
A) the supply of gold is rather constant over time.
B) gold is considered valuable by everyone.
C) gold is an important raw material for production.
D) gold is easily minted into coins.
A
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According to the text, the income elasticity of demand for food in industrialized nations is lower than that of poorer nations
Indicate whether the statement is true or false
The International Brotherhood of Electricians is an example of a(n)
a. agency union b. industrial union c. skilled union d. craft union e. federated union
The provision of public goods gives rise to
a. no externalities. b. positive externalities. c. negative externalities. d. rivalries in consumption.
The major aim of government regulation is to
A. Alter industry behavior. B. Prevent monopolies from forming. C. Restrict competition. D. Control the structure of an industry.