Commodity money is paper currency that may be redeemed for a specific commodity at a specified rate on the currency.

a. true
b. false

Ans: b. false

Economics

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The above figure shows Katie's consumption possibilities. The relative price of a movie ticket is

A) 1 restaurant meal. B) 0.25 restaurant meals. C) 4 restaurant meals. D) 2 restaurant meals.

Economics

Of the following, which has most likely contributed the most to the rapid rise in health care costs in the United States?

A) the cost of malpractice insurance B) the cost to treat uninsured patients C) slow growth in labor productivity in health care D) the cost of malpractice lawsuit settlements

Economics