Which of the following applies to an object serving as a store of value?
I. If an object can be held and exchanged later for a good or service, it serves as a store of value.
II. The less stable an object's value, the better it serves as a store of value.
III. A work of art can serve as a store of value.
A) I only
B) I and II
C) I and III
D) I, II and III
C
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Refer to the table above. If the market for notebooks is perfectly competitive, the equilibrium price is:
A) $2. B) $3. C) $4. D) $5.
If planned spending exceeds planned output in an economy, the result is a(n)
What will be an ideal response?
What are the three sources of economic scale
What will be an ideal response?
In a fixed exchange rate regime, which of the following policies could lead to a greater trade deficit and leave aggregate demand constant?
A) Devalue the currency. B) Increase government spending. C) Decrease government spending. D) Decrease government spending and devalue the currency. E) Increase government spending and revalue the currency.