When Goods That Have Intrinsic Value Are Used as Money

question 55

Multiple Choice

When goods that have intrinsic value are used as money, if their value as money falls, the good:

• A) is still useful to people for other reasons.
• B) loses its intrinsic value.
• C) is no longer useful to people for other reasons.
• D) tends to gain in intrinsic value.

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Definitions:

Martin Luther King Jr.

An influential American civil rights leader known for his advocacy for nonviolent protest against racial discrimination during the 1950s and 1960s.

Rosa Parks

An African American civil rights activist known for refusing to give up her bus seat to a white person in Montgomery, Alabama, in 1955, an act that sparked the Montgomery Bus Boycott.

Brown V. Board Of Education

A landmark 1954 Supreme Court case that declared state laws establishing separate public schools for black and white students to be unconstitutional.

White South

A term referring to the American South's sociopolitical and cultural environment, highlighting its historical context of racial segregation and dominance by white Americans.