A double coincidence of wants problem can be overcome by
A) commodity money.
B) fiat money.
C) banks.
D) all of the above.
D
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Which of the following is an example of natural monopoly?
A) cellular phone companies in a large city B) local water utility companies C) major league sports franchises in the largest cities D) All of the above are natural monopolies.
On average, the greater the unexpected decline in aggregate demand
A) the weaker is the resulting deflation. B) the greater is the resulting deflation. C) the greater is the resulting inflation. D) the greater is the rise in the price level.
The ________ balance includes purchases and sales of financial assets to and from citizens and companies of other countries.
A. capital account B. investment account C. current account D. none of these
According to the new growth theory
A. technology is a natural by-product of invention. B. technology should be considered as a factor of production. C. technology provides few rewards to the society. D. technology plays a minor role in economic development.