Which of the following is NOT a benefit of money when used as a medium of exchange?
A. allowing for some economic efficiencies
B. providing economic growth
C. allowing individuals to specialize
D. allowing individuals to pay off debts
Answer: D
You might also like to view...
If a firm produces 20 units of output and incurs a total cost of $1,000 and a variable cost is $700, calculate the firm's average fixed cost of production if it expands output to 25 units
A) $300 B) $15 C) $12 D) It is impossible to determine without additional information.
Name a country mentioned in class that today is experiencing hyperinflation
a. Germany b. China c. Venezuela d. Honduras
Refer to the four graphs below. Select the graph that best shows the changes in demand and supply in the market specified in the following situation: In the market for beef, if a new diet fad favoring beef consumption becomes hugely popular, while cattle
producers see steeply rising costs of cattle feed.
A. Graph A
B. Graph B
C. Graph C
D. Graph D
Use the above figure. At equilibrium, the exchange rate is
A. $0.80 = 1.25 euro. B. $1 = 1.25 euro. C. 1 euro = $1.25. D. $1 = 8 euros.