Scarcity and durability characterize the property of money as a medium of exchange
a. True
b. False
Indicate whether the statement is true or false
False
Economics
You might also like to view...
Explain why Relative PPP is useful when comparing countries that base their price levels on different product baskets
What will be an ideal response?
Economics
A quality-of-life index measures absolute poverty levels
a. True b. False Indicate whether the statement is true or false
Economics
The budget constraint illustrates all of the combinations of goods and services that the consumer can afford
a. True b. False Indicate whether the statement is true or false
Economics
Payments made to shareholders of a corporation are called
A. retained earnings. B. common stock. C. corporate bonds. D. dividends.
Economics