Credit cards
A. defer payments.
B. are a store of value. .
C. have led to a wider use of currency.
D. All of these responses are correct.
Answer: A
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Refer to the figure above. What is the domestic production of pens in Lithasia, after the economy opens up to free trade?
A) 6 units B) 12 units C) 16 units D) 22 units
An increase in revenue causes economic profit to rise
Indicate whether the statement is true or false
Nations will attract investment and its citizens will engage in productive activities when the institutions and policies of that country
a. encourage market exchange. b. reward innovation. c. protect people and their property. d. all of the above.
A monopolist has four distinct groups of customers. Group A has an elasticity of demand of 0.2, B has an elasticity of demand of 0.8, C has an elasticity of demand of 1.0, and D has an elasticity of demand of 2.0. The group paying the highest price for
the product will be A) A. B) B. C) C. D) D.