Gresham's Law is the tendency for low-quality money to drive high-quality money out of circulation.

Bananas cost about $1 a pound and ground beef costs about $3 a pound. If Jenna has $18 to spend on groceries and she only buys bananas and beef, which of the following is a possible combination of these goods that could maximize her total utility?

A) 18 lbs of bananas and 6 lbs of beef B) 10 lbs of bananas and 8 lbs of beef C) 8 lbs of bananas and 3 lbs of beef D) 3 lbs of bananas and 5 lbs of beef

What are property rights?

A) the title to ownership of any physical asset B) the rights individuals or firms have to the exclusive use of their property, including the right to buy or sell it C) a legal document verifying ownership of intangible assets D) the right of the government to appropriate private assets for the good of society