If something serves as a store of value, we expect it to be
A. light.
B. divisible.
C. durable.
D. of intrinsic value.
Answer: C
You might also like to view...
The Keynesian consumption function does not display consumption smoothing, because ________
A) the average propensity to consume rises with income B) the marginal propensity to consume is constant C) consumption is not affected by the real interest rate D) consumption is not affected by future income
In a market system, the major coordination tasks are carried out
a. with the approval of central planners. b. as part of the regular appropriation process of Congress. c. irregularly by the major corporations. d. automatically by the market mechanism.
The demand curve for a monopolistically competitive firm is
A) more elastic than for a perfectly competitive firm. B) more elastic than for a monopoly firm. C) more inelastic than for a monopoly firm. D) the same elasticity as a perfectly competitive firm.
One World View article titled "Paying to Pollute" reports that the price of a marketable pollution permit in Europe for a ton of carbon dioxide is about $32. The principal advantage of pollution permits is to
A. Eliminate social costs. B. Increase government involvement in pollution control. C. Reduce pollution to zero. D. Reduce the costs of pollution control.