Author Question: Money that is acceptable because the government requires that it be accepted in payment of debt is ... (Read 48 times)

mmm · **on:** Jun 30, 2018

Money that is acceptable because the government requires that it be accepted in payment of debt is _____.
a. legal tender
b. commodity money
c. bad money
d. backed by government's wealth
e. hoarded by the people

Question 2

The law of diminishing marginal returns states that as the quantity of capital per worker increases, other things constant, output per worker eventually:
a. increases at a constant rate.
b. increases at a decreasing rate.
c. increases at an increasing rate.
d. decreases.
e. remains constant.