When money serves as a standard for comparing values of different things, it is functioning as a
A. hedge against inflation.
B. standard of deferred payment.
C. unit of accounting.
D. store of value.
Answer: C
You might also like to view...
In the United States, the wage floor legislated by government below which it is generally illegal to pay workers is known as
A) the minimum wage. B) the wage ceiling. C) the employment gap. D) the going wage.
Which of the following methods of generating federal government revenue was first introduced during the Civil War?
a. the personal income tax b. inflationary finance c. import tariffs d. bond sales
Economists believe that the goal of environmental policy should be zero pollution
a. True b. False Indicate whether the statement is true or false
The owners of a corporation are
A. the shareholders. B. taxed only once. C. completely in control of the firm. D. the employees of the firm.