When an asset is traded for goods and services it is serving the function of a ________
A) store of value B) loanable fund
C) unit of account D) medium of exchange
D
Economics
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___________ is the ability to recognize and use resources effectively
a. Efficiency b. Intuition c. Helpfulness d. Resourcefulness
Economics
A cost that spills over onto individuals not directly involved in an activity is called a positive externality
a. True b. False Indicate whether the statement is true or false
Economics
The Fed is unlike other central banks in that it
a. has 12 branches. b. is completely centralized. c. has no real powers. d. also has control over fiscal policy.
Economics
Injections:
a) Decrease aggregate demand b) Always equal savings c) Always equal national income d) Include investment and export spending
Economics