In the 1990s, the Russian people lost confidence in the value of the ruble, and many were no longer willing to sell goods and services in exchange for Russian currency. Which characteristic of money did the Russian currency lack?

The table above shows information about the costs and benefits of a steel smelter that pollutes the air of a city

If the marginal external cost is $10 per ton at every quantity of steel produced, the equilibrium quantity when the steel industry is unregulated is ________ tons per week. A) 5 B) 15 C) 20 D) 25

Financial markets enable the transfer of risk by:

A. making sure that higher default risk is offset by greater liquidity. B. enabling even unsophisticated investors to purchase highly complex financial instruments. C. requiring that risk-averse investors have access to U.S. Treasury bond markets. D. allowing individuals and firms less willing to bear risk to transfer risk to other individuals and firms more willing to bear risk.