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Author Question: Fiat money: a. has value because people accept it. b. has a high intrinsic value. c. is backed by ... (Read 42 times)

jjjetplane

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on: Jun 30, 2018
Fiat money:
 a. has value because people accept it.
 b. has a high intrinsic value.
 c. is backed by commodity reserves.
 d. is money because of its metallic content.
  e. is frequently clipped.

Question 2

An increase in the quantity of capital per worker would:
 a. rotate the per-worker production function outward.
 b. rotate the per-worker production function inward.
 c. shift the per-worker production function downwards.
 d. shift the per-worker production function upwards.
 e. result in a rightward movement along the current per-worker production function.


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jjorrostieta

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Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

e


jjjetplane

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Reply 2 on: Jun 30, 2018
Excellent

bdobbins

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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