Which of the following best illustrates the medium of exchange function of money?
A) The price of a new car is $25,000.
B) A penny saved is a penny earned.
C) A person owes $10,000 on his or her credit card.
D) You pay $3 to purchase a bag of apples.
D
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The federal grant program for POTW construction
a. displaced the Clean Water State Revolving Fund (CWSRF) Program b. assured that the larger proportion of spending on POTW construction was at the local level c. lowered the federal cost share in 1985 to reduce inherent inefficiencies d. encouraged cost-effective decision making at the municipal level
Jai Li just lost her job, and she has not yet started looking for a new one. The Bureau of Labor Statistics counts Jai Li as
a. unemployed and in the labor force. b. unemployed but not in the labor force. c. in the labor force but not unemployed. d. neither in the labor force nor unemployed.
The term market structure refers to the amount of
A.) market power each firm in the industry has. B.) method used to produce the industry's products. C.) total sales of a particular industry. D.) way in which firms in the industry are legally organized.
Personal income taxes and corporate income taxes are examples of ____ taxes.
A. variable B. sales C. fixed D. disposable