The statement, "My iPhone is worth $300" represents money's function as
A) a standard of deferred payment. B) a unit of account.
C) a store of value. D) a medium of exchange.
B
You might also like to view...
Aggregate producer surplus in an industry can be measured along the market supply curve in the short run but not in the long run.
Answer the following statement true (T) or false (F)
Some automobile owners will drive faster knowing that they are covered by health and automobile insurance. This behavior creates the problem of
A) fraudulent claims. B) moral hazard. C) adverse selection. D) pecuniary purchases.
Store clerks are known to have low wages. This is likely to reflect the fact that
a. store clerk jobs are perceived to be relatively easy, thus attracting low-skill workers. b. store clerk jobs are perceived to be relatively difficult, thus attracting high-skill workers. c. many people perceive the job of store clerk as having significant risk of death on the job. d. store clerks are required to have a college degree.
Which of the following offers an example of structural unemployment?
A. The rise in unemployment for stable workers after the development of gasoline-powered automobiles and the resulting long-term decline in horse-and- buggy transportation. B. The rise in unemployment among farm workers after harvest. C. The unemployment associated with workers changing jobs. D. The increase in unemployment during recessions.