Virtual Currency Unit 3 (VCU3) is poses a __________ risk to nations in which is it used because ___________________________
a. Low; it conversion back into real world currencies causes no change in M2, the monetary base, or net demand for real goods and services.
b. Low; it cannot be converted back into real world (legal tender) currencies.
c. High; it can be converted and spent on real-world goods and services.
d. High; online companies can create as much as they want, which could overinflate a nation's money supply and excessively increase demand.
.A
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For the nation's capital stock to grow, net investment must be positive.
Answer the following statement true (T) or false (F)
As a percentage of GDP, U.S. exports are:
A. greater than U.S. imports. B. about 20 percent. C. considerably lower than in several other industrially advanced nations. D. higher than in Canada but lower than in Germany.
If the wage that a competitive firm must pay its workers exceeds their value of marginal product, the firm will
A) decrease the quantity of labor it employs. B) increase the quantity of labor it employs. C) lower the price of the good. D) raise the price of the good.
In 1820, when the nation began its westward movement in earnest, the median American was
(a) less than 17 years old. (b) about 20 years old. (c) about the same age as the median American today. (d) older than the median American today.