When money is used to compare the relative price of an apple and an orange, money is being used as a _______ .
A) medium of exchange.
B) store of value.
C) measurement of inflation.
D) unit of account.
E) token of bartering.
D) unit of account.
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A company is considering the purchase or the rental of a new machine. An increase in the interest rate
A) increases the likelihood the company will buy the machine. B) increases the likelihood the company will rent the machine. C) has no effect on the likelihood that the company will buy the machine. D) has no effect on the likelihood that the company will rent the machine.
A nation's merchandise trade balance reflects
a. trade in tangible products b. value of exports c. value of imports d. the same information as its balance of payments e. trade in tangibles and intangibles
Studies have shown that the design of the unemployment insurance system reduces the job search effort of the unemployed
a. True b. False Indicate whether the statement is true or false
Each year, Americans visiting casinos gamble a total of
A. $300 billion. B. $3 million. C. $38 billion. D. $30 million.