The Mint Act of 1792, following the ideas of Thomas Jefferson and Robert Morris, set the U.S. up as

(a) a silver standard country.
(b) a paper-money country.
(c) a gold-standard country.
(d) a bimetallic country.

(d)

Economics

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With an optimal two-part tariff

A) all consumer surplus is transformed into profit. B) consumer surplus equals producer surplus. C) the firm earns zero profit. D) consumers maximize consumer surplus.

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According to the 2009 hamburger standard, the country with the most overvalued currency relative to the United States dollar was

A. China. B. Norway. C. Australia. D. Japan.

Economics