Why Was the U

question 105

Multiple Choice

Why was the U.S. government's effort to avoid monetary counterfeiting in 1996 met with disappointment?

• A) A security thread embedded in the paper failed.
• B) North Korea purchased the same currency-printing technology that a Swiss company had sold to the U.S. Department of Treasury.
• C) A watermark including the portrait of the figure on the bill became smudged.
• D) Microprinting technology made it easy to imitate U.S. currency.
• E) The optically variable ink was used in smaller denominations only.

Identify the concepts of market failure including externalities, monopolies, and public goods.

Recognize the historical and theoretical background of key economic theories and figures such as Karl Marx and Adam Smith.

Appreciate the importance and function of competition in market economies.

Learn about the economic transition experiences of countries such as Russia and China from planned to market economies.

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Definitions:

Obsessive-Compulsive

Referring to Obsessive-Compulsive Disorder (OCD), a mental disorder where individuals have recurring, unwanted thoughts (obsessions) and behaviors (compulsions) that they feel the urge to repeat over and over.

Anal Stage

In psychoanalytic theory, the second 18 months of life, during which the child’s focus of pleasure shifts to the anus.

Dependent Personality Disorder

A psychiatric condition marked by an excessive emotional or psychological reliance on another person.

Theoretical Orientation

A framework or perspective in psychology that guides how a therapist or researcher understands and approaches the client or study subject.