Bao want to buy a new car, so she opens a new savings account and every month deposits some money there to save for a down payment. Even though it will take her a while to save up enough money, Bao knows that the money she is saving will maintain its approximate value. This scenario best illustrates money’s function as a ______.
a. means of deferred payment
b. store of value
c. unit of account
d. medium of exchange
b. store of value
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Why is the debate between the international dependence and the neoclassical counter-revolution schools referred to as "finger pointing?"
What will be an ideal response?
The decision that households make to save is independent of the decisions businesses make to invest
Indicate whether the statement is true or false
A society is productive inefficient when
A) it produces at a point inside (below) its PPF. B) it does not produce the maximum output with its given resources and technology. C) it can produce more of one good without giving up some of another good. D) both a and b E) all of the above
Average total cost is equal to total cost divided by profit
a. true b. false