Which nation was not an ally of the United States during World War I?
a. Austria-Hungary.
b. Britain.
c. France.
d. Russia.
a. Austria-Hungary.
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High inflation makes money ________ because ________
A) function better as a store of value; it leads to a more accurate allocation of resources B) function less well as a store of value; the money loses value and therefore has less purchasing power C) function better as a store of value; the money gains value and therefore has greater purchasing power D) function better as a unit of account; money never loses value but it does gain purchasing power in some regions E) function less well as a store of value; it decreases the price level and increases the buying power of money
In Chinese coastal provinces, brick housing for a fast expanding middle class is very comparable in size to housing in the U.S. for a family with median income of $51,000 because
a. median income per capita has risen in China to nearly equal median income in the U.S. b. the Chinese government builds much of the housing in China c. construction companies have begun to migrate to the coastal provinces of China d. housing is an income inferior good e. bricks, trade skill workers and construction labor are very cheap in China