Money ________
A) is always composed of coins and paper
B) loses its value as it becomes older
C) requires a double coincidence of wants
D) is any commodity that is generally acceptable as a means of payment
D
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The equilibrium price level and the equilibrium level of real GDP are jointly determined by the intersection of the economy’s aggregate supply and aggregate demand schedules.
Answer the following statement true (T) or false (F)
NAFTA has greatly improved cooperation between the U.S. and Mexico in the regulation of
A. undocumented Mexican immigrant workers in the U.S. B. Mexican banks operating in the U.S. C. travel by U.S. tourists to Mexican beaches during Spring Break. D. pollution created by maquiladoras operating in Mexico along the U.S. border.
If people can be prevented from using a certain good, then that good is called
a. rival in consumption. b. excludable. c. a common resource. d. a public good.
Explain why the ratio of assets to capital increased dramatically for commercial banks from the 1960s to the present.
What will be an ideal response?