To say that money serves as a store of value is to say that money is a useful way to store wealth for future use
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
The proposition that the price of a resource is expected to rise at a rate equal to the interest rate is called the
A) discounted present value. B) derived demand for productive resources. C) diminishing marginal revenue product. D) Hotelling Principle.
Refer to Table 2.4. The inflation rate for 2012 is
A) -8.22%. B) 8.95%. C) 9.13%. D) 10.89%.
If a country has absolute advantage in the production of all goods, then it will have no incentive to trade
Indicate whether the statement is true or false
Average fixed costs:
A. are a constant, regardless of quantity of output. B. always trend downward as output increases. C. are a vertical line. D. always trend upward as output increases.