Asset demand for money is related to money functioning as a
A) unit of accounting.
B) medium of exchange.
C) store of value.
D) medium of deferred payment.
C
Economics
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If the supply curve is perfectly inelastic and the demand curve is a downward sloping straight line, what is the effect of a consumer ad valorem tax on equilibrium price and quantity?
A) Price remains unchanged and quantity increases. B) Price decreases and quantity increases. C) Price decreases and quantity remains unchanged. D) Price and quantity decrease.
Economics
A profit-maximizing firm invests up to the point at which the marginal rate of return on capital is greatest
a. True b. False
Economics