When you buy a hamburger for lunch, you are using money as a

A) store of value.
B) standard of deferred payment.
C) medium of exchange.
D) unit of accounting.


C

Economics

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If the economy is self-regulating, explain the correct sequence of events that occurs once the economy is in a recessionary gap to move the economy to long-run equilibrium

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If licensing restrictions are used to limit imports, this is an example of a:

A. Non tariff barrier. B. Tariff. C. Trade deficit. D. Quota.

Economics

Which of the following have substantially equivalent effects on a nation's volume of exports and imports?

A. Exchange rate appreciation and a decrease in the domestic supply of money. B. Exchange rate appreciation and domestic deflation. C. Exchange rate depreciation and domestic deflation. D. Exchange rate depreciation and domestic inflation.

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All of the following can be considered a trademark except which one?

A) a symbol B) a secret recipe C) a device D) a word

Economics