What does the text mean by the question, "Where Is All the Currency?" How does it answer the question?
The amount of currency per person is nearly $3, 700 . Most people carry far less than this. The question is, "where is the rest of the currency?" Foreigners and criminals hold some. In some foreign countries, people have more confidence in the U.S. dollar than in their own currency. Criminals use currency because it makes it harder for the government to trace their activities than if they used bank accounts. So they may hold above average amounts of currency.
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The combined incomes of Walmart, ExxonMobil and Chevron total more than the GDP of:
a. Belgium b. Denmark c. Ireland d. all of these
Suppose that at prices of $1, $2, $3, $4, and $5 for product Z, the corresponding quantities supplied are 3, 4, 5, 6, and 7 units, respectively. Which of the following would increase the quantities supplied of Z to, say, 6, 8, 10, 12, and 14 units at
these prices? A. Improved technology for producing Z. B. An increase in the prices of the resources used to make Z. C. An increase in the excise tax on product Z. D. Increases in the incomes of the buyers of Z.