Which of the following is NOT an important criterion for whether a good will be usable as a medium of exchange?
A) The good must be of standardized quality.
B) The good must be valuable relative to its weight.
C) The good must have value even if it were not being used as money.
D) The good must be durable so that value is not lost through product spoilage.
C
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To decrease supplier power, the firm can
a. Increase rivalry among its suppliers b. Buy from multiple suppliers c. Both A&B d. None of the above
Credit risk reflects:
a. A company's expected performance, level of solvency, and potential inability to service its debts. b. A company's ability to get "credit for its performance" in the stock market, which means having its share price rise at the same rate or faster than profitability. c. The variability of cash flows for the national government. d. All of the above.
Look at the following data: The structural unemployment rate is 4 percent, the natural unemployment rate is 5 percent, and the cyclical unemployment rate is 3 percent. The frictional unemployment rate is ____________ percent and the actual unemployment rate is __________ percent
A) 2; 7 B) 2; 8 C) 1; 7 D) 1; 8
If the quantity of loanable funds supplied is greater than the quantity demanded, then there is a
a. shortage of loanable funds and the interest rate will fall. b. shortage of loanable funds and the interest rate will rise. c. surplus of loanable funds and the interest rate will fall. d. surplus of loanable funds and the interest rate will rise.