Camels have been used as money. Which function of money would this type of money perform least well?
A. medium of exchange
B. store of value
C. unit of accounting
D. standard of deferred payment
Answer: B
You might also like to view...
What is the best hope for reducing environmental pollution in less-developed nations?
A) limiting international trade B) boycott of polluting nation's products C) producing the goods in advanced, economically developed nations D) free international trade that raises incomes in less-developed nations E) strong international standards for pollution control
_____________ refers to the health and happiness of the total person, involving body, mind, and spirit and includes measures of life expectancy, health, and education
a. Psychographics b. Well-being c. Positive sociology d. Assimilation
The income that people earn in resource or factor markets is called:
a. national income. b. personal income. c. disposable personal income. d. transfer payments. e. net national product.
Monopolistic competition is inefficient because:
A. firms earn positive economic profits. B. the firms' marginal costs and marginal revenues are not equal. C. firms have excess capacity in the long run. D. entry is difficult.