The main difference between paper money and coins as forms of money is that
A. paper money issued by the Federal Reserve Board is backed by gold while coins are not.
B. paper money serves as a unit of account while coins do not.
C. the metal in coins is more durable than paper.
D. the metallic content of coins makes them more acceptable as money.
Answer: C
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Which of the following is an example of moral hazard?
A) I hire you to work in my garden for a fixed fee, and you work hard all day. B) I hire you to work at an hourly rate and you work as slowly as possible. C) You apply for the job only because I pay a fixed wage per day, no matter how much or little you do. D) You agree to be paid by the weed to work in my garden, and then don't work hard.
Which of the following best explains the closing gap between rural and urban mortality rates?
(a) Relatively higher incomes in urban areas (b) Relatively lower prices in urban areas (c) Medical advancements, health education, and public health and sanitation involvement (d) All of the above.