The initial Phillips curve relationship implied that the opportunity cost of _____ was higher _____

The larger firms in the red-meat industry have blunted the effects of competition by relying on product differentiation, which in effect, creates a downward-sloping demand curve for each firm's product

Indicate whether the statement is true or false

Money is functioning as a standard of value when you

A. Buy jeans at the mall. B. Buy a rare baseball card that you expect will increase in value. C. Use it to compare two houses that are different prices. D. Trade a cup of sugar for two eggs.