Which of the following is a store of value?
a. currency
b. U.S. government bonds
c. fine art
d. All of the above are correct.
d
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The introduction of human capital to the Solow neoclassical growth model ________ the predicted rate of return on investment in rich countries relative to poor countries
A) increases B) reduces C) may either increase or reduce D) has no effect on
According to the new classical system, an unanticipated increase in the money stock
a. will shift the aggregate supply schedule only. b. will shift the aggregate demand schedule only. c. will shift both the aggregate demand and aggregate supply schedules. d. None of the above
Demand deposits are included in
a. M1 but not M2. b. M2 but not M1. c. M1 and M2. d. neither M1 nor M2.
The difference between explicit costs and implicit costs
A. is that explicit costs are short-run costs and implicit costs are long-run costs. B. is that explicit costs involve resources that are purchased and implicit costs involve resources the firm already owns. C. is that explicit costs are opportunity costs while implicit costs are not. D. is that implicit costs are the difference between explicit costs and opportunity costs.