The speculative demand for money is related to money functioning as a
A. Medium of exchange.
B. Unit of account.
C. Standard of value.
D. Store of value.
Answer: D
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Which point shows where the United States economy would have a 100 percent unemployment rate?
A. Point B
B. Point C
C. Point D
D. Point E
Economic takeoff:
A. occurs when development becomes self-sustaining. B. will eventually occur in all developing countries. C. typically occurs in the absence of foreign investment. D. has yet to occur in any developing country.
The following economy produces two products.ProductsProduction Possibilities?ABCDEFSteel012345Wheat100907555300Refer to the above table. The total opportunity cost of the three units of steel is:
A. 45 units of wheat. B. 15 units of wheat. C. 20 units of wheat. D. 55 units of wheat.
Which of the following would NOT change demand?
A) the price of the product B) information about the product's health effects C) the income of the consumers D) the price of related products