The function of money that enables prices of goods and services to be quoted is called:
A) medium of exchange.
B) store of value.
C) unit of account.
D) measure of power.
C
Economics
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Refer to the figure above. Assuming that the market consists of only these two consumers, what is the market demand for pens when the price is $4?
A) 15 units B) 25 units C) 40 units D) 65 units
Economics
________ countries tend to depend on tariffs for a relatively large part of their government revenue
A) Developed B) Developing C) All
Economics
Fiscal policy may not be effective because it takes time for policymakers to enact a policy change, known as the ________ lag.
A. recognition B. implementation C. impact D. legislative
Economics
Balance-of-payments accounts are maintained according to the principles of single-entry bookkeeping
Indicate whether the statement is true or false
Economics