In the 1850s, the proportion of silver in the currency supply fell, and the proportion of gold rose. This is an illustration of :
a. the quantity theory of money.
b. Gresham's law.
c. Say's law.
d. the Walrasian auctioneer.
e. none of the above.
b. Gresham's law.
Economics
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Why does India argue that the demand for reduction of greenhouse gasses by developed countries is hypocritical?
What will be an ideal response?
Economics
The marginal (dollar) cost of an additional plate of food to a patron at an "All-You-Can-Eat" restaurant is: a. equal to the price paid for the meal divided by the number of plates of food consumed. b. equal for every plate of food consumed during the meal
c. equal to zero. d. equal to the price paid for the meal (since there is no such thing as a free lunch).
Economics