David Dollahite's ABCD-XYZ Resource Management Model shows that __________ cannot be studied in isolation, adaptive coping is important

Which of the following describes a characteristic of a perfectly competitive market?

A) Equilibrium is achieved when demand for the product sold in the market equals the supply. B) There are many buyers and sellers. C) There are many sellers but few buyers. D) There are many buyers but few sellers.

Fiat money has

A) a great intrinsic value that is independent of its use as money. B) little to no intrinsic value and is authorized by the central bank or governmental body. C) value, because it can be redeemed for gold by the central bank. D) little to no intrinsic value but is backed by the quantity of gold held by the central bank.