Which of the following had prompted the Chinese authorities to stand ready to buy or sell dollars steadily and in large volume?

A good can serve as money only if

A) citizens accept the good as a means of payment for transactions and debts. B) government mandates that the good must be accepted in payment of debts. C) it is declared by authorities to be legal tender. D) it has intrinsic value or if it is backed by precious metals.

Britain taxed windows from 1696 until 1851 . Under the 1747-57 tax rates, you would pay no tax if your home had 0 – 9 windows but if your home had 10 – 14 windows you would pay a tax of 6 pence per window for every window in your home

a. In what way is the window tax similar to the U.S. income tax? b. In what way is the window tax different from the U.S. income tax? c. Do you think from 1747–1757 the number of new homes with 9 or fewer windows increased from the pre-1747 days? Explain.