Money serves as a
A) medium of exchange, unit of account, and store of value.
B) means to conduct barter transactions.
C) means of payment, legal obligation, and public tax.
D) means of worker exploitation and capitalist enrichment.
E) means of settling debts, transaction lubricant, and private commodity.
A
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Refer to the table above. If country X is expected to grow by 19% between the years 2007 and 2008, what is the expected GDP per capita for the year 2008?
A) $2,439.50 B) $3,015 C) $2,763.90 D) $1,882
What was not a significant cause of the Great Depression?
a. Bank failures b. Stock market crash c. Government fiscal and monetary policy d. Large increase in imports that took jobs away from American workers
Compared to a firm in perfect competition, the monopolistically competitive firm tends to
a. produce less and charge a higher price b. produce less and charge a lower price c. produce more and charge a lower price d. produce more and charge a higher price e. produce the same quantity
Liberals believe
a. that the government should choose just policies as evaluated by an impartial observer behind a "veil of ignorance.". b. in the assumption of diminishing marginal utility. c. that everyone in society should have equal utility. d. that the government should not redistribute income.