Money is almost always used to quote prices. This illustrates the function of money as a
A. medium of exchange.
B. store of value.
C. unit of account.
D. commodity value.
Answer: C
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Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________. 
A. Rising; A B. Falling; A; C C. Falling; B: C D. Rising; A; C
One "design principle" that makes informal, community-based solutions to public goods and common resource problems more effective is:
A. the ability of users to monitor one another. B. the participation of resource users in setting the rules for use. C. clear distinctions between who is and is not allowed to access the resource. D. All of these are important to the effectiveness of community-based solutions.
Identify and explain the three ways we can use microeconomic analysis.
What will be an ideal response?
A nation that currently has a surplus in its capital account is called a
A) debtor nation. B) net lender. C) net borrower. D) current account surplus nation. E) creditor nation.