Money functions as a store of value if it allows you to:
Delay purchases until you want the goods
Measure the value of goods in a reliable way
Increase your confidence in money
Make exchanges in a more efficient manner
Delay purchases until you want the goods
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Countries with more economic freedom have levels of economic growth that
a. are generally higher than those of nations with less economic freedom. b. are similar to those of nations with less economic freedom since the level of investment, not economic freedom, determines the growth rate. c. cannot continue at high levels because too little government planning is being done. d. are generally lower than the growth rates of countries with less economic freedom.
Are jobs the key to economic progress and the achievement of high income levels?
What will be an ideal response?
A political leader suggesting that the country "stay the course" in the face of an economic downturn because things will be potentially made worse if tax and spending policies are adopted, is, by implication, suggesting ________ is better.
A. Discretionary Fiscal Policy B. Trade policy C. Regulatory changes D. Nondiscretionary Fiscal Policy
A barrier to entry is
A. the situation when the government produces a good instead of relying on private firms to produce the good. B. a term used to explain why monopolies always make economic profits. C. a restriction on the profits that a monopoly can make. D. a restriction on starting a business.