Money as a medium of exchangeI.Facilitates the exchange of goodsII.Reduces the incentive to barter
A. I only
B. II only
C. Both I and II
D. Neither I nor II
Answer: C
You might also like to view...
If penalties are imposed on the sellers of illegal goods or services, then the equilibrium price ________ and the equilibrium quantity ________
A) rises; increases B) rises; decreases C) falls; increases D) falls; decreases
If the residual sum of squares (SSR) in a regression analysis is 66 and the total sum of squares (SST) is equal to 90, what is the value of the coefficient of determination?
A. 0.73 B. 0.55 C. 0.27 D. 1.2
An excise tax of $1.00 per gallon of gasoline placed on the suppliers of gasoline would shift the supply curve
A. up by less than $1.00. B. down by $1.00. C. up by $1.00. D. down by more than $1.00.
In efficient markets, investment capital flows toward profit opportunities.
Answer the following statement true (T) or false (F)