As means of payment currency, credit cards, and debit cards differ according to
A) whether they pay interest.
B) whose liability they represent.
C) transactions costs.
D) all of the above.
D
You might also like to view...
Refer to Table 4-8. If a minimum wage of $10.00 an hour is mandated, what is the quantity of labor demanded?
A) 390,000 B) 370,000 C) 350,000 D) 40,000
GDP may inaccurately measure the value of aggregate output because it may not properly account for
A) production in the underground economy and the true value of government production. B) the true value of government production and the proper value of purchases and sales of used goods. C) the proper value of purchases and sales of used goods and depreciation of consumer durables. D) the depreciation of consumer durables and production in the underground economy.
Common property often results in
A) a negative externality. B) a social benefit. C) a private cost. D) exclusive rights of ownership.
Discuss how size of government can negatively affect economic growth