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
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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
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.
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.
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