If Gold Becomes Acceptable as a Medium of Exchange,the Demand

question 142

Multiple Choice

If gold becomes acceptable as a medium of exchange,the demand for gold will ________ and the demand for bonds will ________,everything else held constant.

• A)decrease;decrease
• B)decrease;increase
• C)increase;increase
• D)increase;decrease

Identify defenses against the enforcement of negotiable instruments and the impact of negligence.

Grasp the legal consequences of cancellation, reacquisition, and ratification concerning negotiable instruments.

Understand the warranties involved and the implications of an instrument's alteration or forgery.

Understand the historical and contemporary experiences of discrimination and racism faced by South Asian Americans.

---

Definitions:

Opportunity Cost

The cost of forgoing the next best alternative when making a decision or choosing a particular course of action.

Comparative Advantage

The ability of an individual, firm, or country to produce a good or service at a lower opportunity cost than competitors, leading to more efficient global production patterns.

Specialize

The process of focusing efforts and resources on a narrow area of expertise to increase efficiency and proficiency.

Comparative Advantage

The ability of an individual, firm, or country to produce a good or service at a lower opportunity cost than competitors.