Misesian Regression Theorem Quiz
Question 1: What is the Misesian Regression Theorem?
A) It is a theorem that states that the value of money is derived from its purchasing power. B) It is a theorem that states that the value of money is derived from the cost of production. C) It is a theorem that states that the value of money is derived from its market price. D) It is a theorem that states that the value of money is derived from its scarcity.
Answer: A) It is a theorem that states that the value of money is derived from its purchasing power.
Question 2: What is the main purpose of the Misesian Regression Theorem?
A) To explain the origin of money B) To explain the value of money C) To explain the purchasing power of money D) To explain the cost of production of money
Answer: B) To explain the value of money
Question 3: What is the main idea behind the Misesian Regression Theorem?
A) That money is valuable because of its purchasing power. B) That money is valuable because of its cost of production. C) That money is valuable because of its market price. D) That money is valuable because of its scarcity.
Answer: A) That money is valuable because of its purchasing power.
Question 4: True or False: The Misesian Regression Theorem states that the value of money is determined by its purchasing power.
Answer: True