Stock market price quotations are an example of money serving as a
A) store of value.
B) medium of exchange.
C) unit of accounting.
D) economic value.
C
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Refer to the table above. Diminishing marginal returns sets in when:
A) the second worker is hired. B) the fourth worker is hired. C) the fifth worker is hired. D) the seventh worker is hired.
Which one of the following statements is true?
a. Resources flow from the government to firms. b. Taxes flow from foreign economies to the government. c. Goods and services flow from households to foreign economies. d. Resources flow from households to firms. e. Resource payments flow from households to the government.
The largest U.S. government training program is
A. the armed forces. B. R&D. C. public education. D. the FBI.
Moral hazard is a problem that arises when:
A. government discourages companies from taking risks. B. people benefit from the negative actions of others. C. people are required to bear the negative consequences of their actions. D. people don't have to bear the negative consequences of their actions.