Money’s function as a unit of exchange means that ______.
a. Jorge can compare the value of apples to the value of a new lamp
b. Michael can deposit money into an account where it will be safely stored until a later date.
c. Kelly can pay for her lunch using the $20 bill in her wallet.
d. Calista can pay back a loan at a future date without risking great fluctuations in the value.
c. Kelly can pay for her lunch using the $20 bill in her wallet.
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A tax must be progressive if an individual with a higher income pays more dollars in taxes than an individual with a lower income.
Answer the following statement true (T) or false (F)
In the above table, the balance on the capital account for Country X is ________ billion dollars
A) -80 B) +35 C) +80 D) -35
Less-developed countries are experiencing rapid population growth because birthrates are on the rise and mortality rates are falling
a. True b. False Indicate whether the statement is true or false
To make a market efficient in the presence of a negative externality, a tax could be imposed that is equal to the marginal
a. social cost b. private benefit c. social cost minus marginal private cost d. social cost minus marginal private benefit e. private benefit minus marginal social benefit