A $100 bill is a
A) commodity money.
B) fiat money.
C) representative commodity money.
D) partially representative commodity money.
B
Economics
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Mr. Smith earned a salary of $5,000 in in 1980 while his son earned a salary of $8,000 in 2010. If the price index for 1980 was 100 and that for 2010 was 198, whose salary was worth more? Explain your answer
What will be an ideal response?
Economics
In the figure above, suppose that the government imposes a tax of $4 per pizza. Then, the tax revenue collected by the government equals
A) $240. B) $320. C) $160. D) $120. E) $4.
Economics