Money in the U.S. has value primarily because it is fiat money

Which of the following has been a significant factor in DVDs replacing video cassettes (VCs) in the retail home video market?

A) DVDs are now less than one-half the price of VCs. B) A scarcity of production capacity has curtailed the manufacture of VCs. C) Most consumers perceive DVD sound and video reproduction to be of higher quality. D) The price of DVD players has increased dramatically.

The addition of new resources often enables a nation to

a. produce more goods and services b. produce less goods and services c. produce more goods but fewer services d. invade other nations and steal their resources