Author Question: Fiat money: a. has value because people accept it. b. has a high intrinsic value. c. is backed by ... (Read 68 times)

jjjetplane · **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.