Why do most exchanges in the United States occur by using money?
What will be an ideal response?
The use of money lowers transaction costs.
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The producer price index tracks the prices firms receive for goods and services at all stages of production
Indicate whether the statement is true or false
A cash register at a coffee shop should be considered
A. real capital. B. either financial or real capital. C. financial capital. D. none of the choices is correct.
Scaling back the U.S. "war on terror" would:
A. suggest that the United States is allocating less than the optimal amount of resources to the war on terror. B. shift U.S. production from "defense goods" to "civilian goods." C. shift U.S. production from "civilian goods" to "defense goods." D. shift the production possibilities curve inward.
If inputs into production cannot be substituted for each other but have to be employed in fixed proportions isoquants are straight, downward-sloping lines
Indicate whether the statement is true or false