All of the following means were used to reduce problems associated with the circulation of commercial bank notes except:
a. a pledge by the Treasury to accept all bank notes issued by state-chartered banks.
b. anti-counterfeiting associations formed by commercial banks.
c. bank note reporters and counterfeit detectors, such as Thompson's Reporter and Hodges' Bank Note Safeguard.
d. note brokers who bought and sold commercial bank notes.
a. a pledge by the Treasury to accept all bank notes issued by state-chartered banks.
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Which of the following is an example of labor income?
A) Dividend received by shareholder B) Profit earned by an entrepreneur C) Rent paid to a landlord D) Bonus paid to a worker
In general, supply curves slope upward because:
a. increases in the price of a good result in lower opportunity costs. b. rising prices provide producers with a greater profit incentive. c. consumers buy a greater quantity. d. technology improves the ability of firms to produce more at each possible price.