If you save $2,500 for a down payment on a new car, you are using money as
A) a store of value.
B) a unit of account.
C) a medium of exchange.
D) a standard of deferred payment.
A
You might also like to view...
Refer to the accompanying figure. The opportunity cost of producing one bushel of corn is:
A. 250 bushels of wheat. B. ½ of a bushel of wheat. C. 500 bushels of wheat. D. 2 bushels of wheat.
The budget constraint shows that
A. the consumer faces a trade-off in the consumption of goods. B. as consumers spend more on one good, they spend more on others. C. the consumer can have as many goods as he wants. D. total income equals total spending on one good.
The largest category of state and local government expenditures is
A) public welfare. B) highways. C) education. D) interest on their debt. E) Social Security.
What is the problem that Obamacare seeks to solve and how does the solution work?
What will be an ideal response?