Money is legal tender if:
a. people willingly accept it in payment of debts.
b. it is backed by gold or silver
c. it is commodity money.
d. the government says it is.
e. it is in a bank account.
d
Economics
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Explain what the poverty line is and its purpose
What will be an ideal response?
Economics
A budget line is a straight line designed to show
A. how income is related to hours worked. B. all combinations of two goods that can be purchased with a given income. C. the way a homemaker should divide money among several commodities. D. that if more money is spent on one good, the breadwinner must work all the harder to maintain a satisfactory level of living. E. preferences for goods and services.
Economics