Assume the gross amount of an invoice is $1,000 and a trade discount of 25% is allowed. The dollar amount of the trade discount is

With a mint ratio of 15 ounces of silver to 1 ounce of gold and a market ratio of 15.5 ounces of silver to 1 ounce of gold:

a. gold coins should go out of circulation b. silver coins should go out of circulation c. paper money will predominate d. the bimetallic standard will be stable

Competition works to drive down the rate of return on invested capital toward the rate that would be earned in a perfectly competitive industry

Indicate whether the statement is true or false