Commodity money
A) has value independent of its use as money.
B) has little to no value independent of its use as money.
C) is backed by a valuable commodity such as gold.
D) can be used to purchase commodities, but not services.
Answer: A
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Quick Buck and Pushy Sales produce and sell identical products and face zero marginal and average cost. Below is the market demand curve for their product. 
Suppose Quick Buck and Pushy Sales decide to collude and work together as a monopolist with each firm producing half the quantity demanded by the market at the monopoly price. If Quick Buck cheats by reducing its price to $1 while Pushy Sales continues to comply with the collusive agreement, then Quick Buck's economic profit will be ________.
A. $2,000 B. $4,000 C. $6,000 D. $3,000
Who among the following is neither employed nor unemployed?
a. Susan, who is currently jobless because of an accident but is available for work b. Greg, who is a doctor working at a community hospital c. Steve, who is a civil engineer working for a construction company d. Izzie, who is currently jobless and has given up her job search due to market-related reasons
"Depression means idleness. And idleness means loss of skills, loss of self-respect, plummeting morale, family disintegration, and sociopolitical unrest." This quote describes some of the:
natural rate of unemployment b. Consequences of the hyperinflation that accompanies a recession c. Characteristics of structural unemployment d. Noneconomic costs of unemployment
What are the five variables that will shift the demand curve?
What will be an ideal response?