Author Question: The paper currency used by the U.S. at the beginning of the Civil War was referred to as a demand ... (Read 36 times)

809779 · **on:** Jun 30, 2018

The paper currency used by the U.S. at the beginning of the Civil War was referred to as a demand note because:

A) the currency could be exchanged for gold on demand.
B) it was used to create the demand for various goods and services.
C) demand for the currency was kept constant over the entire period of Civil War.
D) it was limited in supply, and there was always an excess demand for the currency in the country.

Question 2

Refer to the scenario above. Which of the following is true if Sarah is optimizing in levels?

A) An optimizer will rent the hotel for three days if the total benefit of staying for three days exceeds the total benefits of staying for two days.
B) An optimizer will rent the hotel room for three days if the cost of staying for two days exceeds the cost of staying for three days.
C) An optimizer will rent the hotel room for three days if the net benefit of staying for three days exceeds the net benefit of staying for two days.
D) An optimizer will rent the hotel room for three days if the net benefit of staying for the third day is negative.