As more and more businesses accept credit cards, the
A) demand for money decreases.
B) supply of money decreases.
C) quantity of money demanded decreases.
D) demand for money increases.
E) quantity of money demanded increases.
A
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Mamma's Honey sells locally produced raw honey at an equilibrium price of $12 a jar and an equilibrium quantity of 200 jars. Which of the following is most likely to be true if the government begins to pay a $3-per-jar subsidy to the seller? a. The price paid by buyers will increase
b. The price received by sellers will decrease. c. The quantity demanded by buyers will decrease. d. Total surplus will decrease.
Which of the following would lead to an increase in the demand for designer blue jeans?
a. a decrease in the price of designer blue jeans b. a reduction in the price of the cotton used to produce the jeans c. an increase in the income of youthful Americans d. an increase in the price of the cotton used to produce the jeans
On the island of Yap, 5 canoes have a value of one stone wheel known as a fei. What function of money do fei serve in this example?
A. store of value B. medium of exchange C. medium of deferred payment D. unit of account
Most Americans believe that families really could get by on the government's definition of minimum needs if they tried hard
Indicate whether the statement is true or false