The characteristics that money should have include:
A. portability, durability, and flexibility.
B. durability, flexibility and stability.
C. durability, portability, and non-homogeneity.
D. scarcity, portability, and divisibility.
Answer: D
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What four conditions define a perfectly competitive market?
What will be an ideal response?
Government intervention is always preferable to doing nothing when reducing the social inefficiencies of monopoly
a. True b. False Indicate whether the statement is true or false
Karl Marx said that whoever controlled a society's __________ controlled that society.
Fill in the blank(s) with the appropriate word(s).
Government can support agricultural prices by
A. subsidizing imports of a particular crop and buying up all output that consumers do not buy at the supported price. B. making it illegal to consume more than a specified amount. C. buying up all output that consumers do not buy at the supported price. D. subsidizing imports of a particular crop.