If a society were to use a widely accepted, easily measurable, but highly perishable food product as commodity money, then the ________ function of money would most likely fail
a. medium of exchange
b. unit of account
c. store of value
d. transfer of value
c
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In the context of production possibilities curve analysis, the purpose of a state-supported terrorist attack is to
a. destroy as many resources as possible of a targeted nation in order to enhance its own security. b. shift the curve inward of the targeted nation by undermining its confidence to defend itself c. shift the targeted nation's possibilities curve to the right in order to increase the opportunity cost of making a first striker d. eliminate the targeted nation's ability to counterattack in case of war e. force the targeted population to decrease its own security expenditures
In recent years, the Federal Reserve has conducted policy by setting a target for
a. bank reserves. b. the monetary growth rate. c. the exchange rate. d. the federal funds rate.
An individual voter will likely be concerned with
A) the views of a particular political candidate on all issues. B) only a few special issues (those that exert the most impact on the voter's personal welfare). C) most issues since information on nearly all issues is available at a low cost on the Internet. D) most issues because they have some impact, however slight, on each citizen.
In the aggregate model, ___ has both an autonomous component and an induced component
Fill in the blank(s) with the appropriate word(s).