What function is money serving when you use it when you go shopping?
A. A store of value
B. A unit of account
C. A medium of deferred payment
D. A medium of exchange
D. A medium of exchange
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If an increase in income leads to an increase in the demand curve for sailboats, this will lead to
A. higher prices of sailboats. B. lower prices of sailboats. C. a corresponding shift in the supply curve for sailboats. D. reduced output of sailboats. E. no change in the price of sailboats.
If the demand for coffee makers increases,
a. the quantity demanded will decrease. b. equilibrium price will increase and equilibrium quantity will decrease. c. equilibrium price will decrease and equilibrium quantity will increase. d. quantity supplied will increase. e. quantity supplied will decrease.
The income and living standards of a nation will increase when
What will be an ideal response?
The perspective of ________ holds that as a company gains experience, resources, and confidence, it progressively increases its scope of countries to which it exports.
A) serendipity B) export management C) the born-global theory D) incremental internationalization