Which of the following characteristics of money can be found in bars of gold?
a) portability, uniformity, and stability in value
b) portability and acceptability
c) uniformity, acceptability, and stability in value
d) uniformity and durability
e) portability and stability in value
Ans: d) uniformity and durability
You might also like to view...
The labor force is defined as the
A) number of people over 16 years of age. B) number of people who are working. C) sum of employed and unemployed people. D) number of people in blue-collar jobs.
Which of the following are scarce? Select one:
a. time for recreation b. clean air c. information d. all of the above
The long run is
A. Approximately one year. B. A period long enough for all inputs to be variable. C. A period longer than one year. D. The period required to produce a unit of the firm's output.
Traders should specialize in the good in which:
A) they have the lowest opportunity cost. B) they have an absolute advantage. C) their trading partner has the lowest opportunity cost. D) they do not have an absolute advantage.