What is the "medium of exchange" function of money?
a. A common measurement of the relative value of different goods and services.
b. The ability of money to hold value over time
c. The quality of money not to be hoarded because of its commodity value.
d. The function of money to be widely accepted I exchange for goods and services.
d
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Which of the following carries out the distribution process by rationing goods on the basis of preferences and relative incomes?
a. Administered system b. Government c. Price system d. Central planning
The supply curve of a natural resource like oil has a positive slope because
a. the supply becomes closer to exhaustion as demand rises. b. it becomes more costly to find and develop supplies as demand rises. c. rents rise as output increases. d. indirect taxes rise with output.
Based on the figure below. Starting from long-run equilibrium at point C, a tax cut that increases aggregate demand from AD to AD1 will lead to a short-run equilibrium at point ________ and eventually to a long-run equilibrium at point ________, if left to self-correcting tendencies. 
A. D; C B. B; C C. B; A D. D; B
The process by which inputs are combined, transformed, and turned into outputs is called
A. capitalization. B. outsourcing. C. production. D. technology.