Wealth is the same as:

Constant returns to scale means that as all inputs are increased

A) total output remains constant. B) average total cost rises. C) average total cost rises at the same rate as do the inputs. D) total output increases in the same proportion as do the inputs.

Which criterion for suitability as a medium of exchange do Federal Reserve Notes meet?

A) They are of standardized quality. B) They are durable. C) They are acceptable to most traders. D) Federal Reserve Notes meet all of the criteria for suitability as a medium of exchange.