Blank Checks

question 124

Multiple Choice

Blank checks

• A) should be safeguarded.
• B) should be pre-signed.
• C) do not need to be safeguarded since they must be signed to be valid.
• D) should not be prenumbered.

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Definitions:

Factor Market

A marketplace where services of the factors of production (labor, land, capital) are bought and sold.

Product Market

The marketplace where final goods or services are offered to consumers, businesses, and the government.

Positive

In economics, referring to factual statements or analyses about how the world is, as opposed to normative statements which are about how the world ought to be.

National Defense

The government activities and measures taken to protect a country and its citizens from external and internal threats, including maintaining armed forces and developing defense strategies.