The transactions approach to measuring money stresses the role of money as a
A) store of value. B) unit of accounting.
C) medium of exchange. D) standard of deferred payment.
C
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Which is always true at a firms profit maximizing rate of production
The Economist magazine's Commodities Price Index tracks the prices of the most:
A. important finished goods that are traded internationally. B. important minerals that are traded internationally. C. important productive resources that are traded internationally. D. heavily traded agricultural-based products.
The table above represents the marginal cost and marginal benefit associated with pizza (in terms of movies). What quantity of pizza should be produced if resources are to be used efficiently?
A) 5 pizzas B) 6 pizzas C) 7 pizzas D) 8 pizzas
Control of a scarce resource or input can serve as an entry barrier
a. True b. False Indicate whether the statement is true or false