A 2005 quarter is called token money because:
a. it is legal tender
b. its metal value exceeds its face value.
c. there is less than a quarter's worth of metal in it.
d. it can be used in the subway.
e. it is generally not accepted in exchange.
c
Economics
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Which of the following is true?
i. Comparative advantage drives international trade. ii. Compared to a no-trade situation, in a market with imports, producer surplus is larger. iii. Tariffs lower the domestic price of imported goods. A) only i B) only ii C) only iii D) i and ii E) i and iii
Economics
When floods wiped out the banana crop in Central America, the equili-brium price of bananas ________ and the equilibrium quantity of bananas ________
A. rose; increased B. rose; decreased C. fell; increased D. fell; decreased
Economics