Stock market price quotations best exemplify money serving as a:
A. store of value.
B. unit of account.
C. medium of exchange.
D. index of satisfaction.
B. unit of account.
You might also like to view...
What is the balance of trade is sometimes called?
a. balance of payments b. balance of exchange c. balance of financial capital d. balance of goods and services
If tofu is a normal good, an increase in income will
a. decrease the price of tofu b. decrease the production of tofu c. shift the demand curve for tofu to the left d. shift the demand curve for tofu to the right e. decrease the quantity demanded of tofu
A tariff is a limitation on the amount of a good that can be imported
a. True b. False Indicate whether the statement is true or false
Gross domestic product calculations count only final goods and services because:
A. these are the only goods and services that are purchased in an economy. B. counting all goods and services would lead to double-counting of many activities. C. it is difficult to measure the prices of intermediate goods produced. D. one cannot calculate the quantities of intermediate goods produced.