What function is money serving when you deposit it in a savings account?
A. a store of value
B. a unit of account
C. a medium of exchange
D. a checkable deposit
Answer: A
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Refer to the figure above. If Lithasia does not engage in international trade, what is the domestic production of pens?
A) 0 units B) 6 units C) 12 units D) 16 units
If you received negative marginal utility from consuming the 4th slice of pizza, then your total utility from 4 slices of pizza must be less than your total utility from 3 slices of pizza
Indicate whether the statement is true or false
Truck drivers usually earn more than secretaries because
a. drivers require more education and training b. truck drivers have more flexibility in their daily activities c. truckers face greater risks d. secretaries have higher productivity than truckers e. truckers are discriminated against
Which of the following would not be included in the consumption component of GDP?
a. Movie ticket sales b. Purchase of a new home c. Medical bills d. Clothing purchases e. Home electricity bills