Perishable goods such as tomatoes and eggs are never used as money, because they cannot function as a
A. standard of deferred payment.
B. medium of exchange.
C. store of value.
D. unit of accounting.
Answer: C
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In the year 2008, nearly half of all privately held federal debt was held by foreign investors.
A. True B. False C. Uncertain
Why does the Fed have to be concerned with money growth even though their main focus seems to be on interest rates?
What will be an ideal response?
To consider the full cost of your college education, you should also consider the cost of missing out on your next best alternative
Indicate whether the statement is true or false
Which of the following would explain why accounting profit might be greater than economic profit?
A) A firm has implicit costs as well as explicit costs. B) A firm has only explicit costs. C) A firm's net income is greater than its accounting profit. D) A firm's net income is less than its accounting profit.