Dairy Queen opens a branch in Estonia. The sales of the restaurant enter the U.S. GDP and the Estonian GNP.
Answer the following statement true (T) or false (F)
False
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Which of the following functions of money enables society to gain the benefits of geographic and labor specialization?
A. store of value B. unit of account C. medium of deferred payment D. medium of exchange
For a good with an external cost, the supply curve
A) represents the various quantities people can buy. B) is the same as the marginal private cost curve. C) is the same as the marginal social cost curve. D) is the same as the marginal external cost curve.
If the price of a product increases, we would expect
A) the level of demand to decrease. B) quantity supplied to increase. C) the level of supply to increase. D) an increase in quantity demanded.
A business executive who buys a portable computer so that she can work on airplanes is trying to reduce the cost of traveling
a. True b. False