If a piece of currency must be accepted for payment because the government says so, the currency is called

a. commodity money
b. money backed by gold
c. high-powered money
d. greenbacks
e. fiat money

E

Economics

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Refer to Table 9-10. Fill in the following table with the opportunity costs of producing bows and arrows for Tran and Farah

Pens Pencils Tran Farah

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John Rawls, who developed the way of thinking called liberalism, argued that government policies should be aimed at maximizing the sum of utility of everyone in society

a. True b. False Indicate whether the statement is true or false

Economics