A $20 price tag on a sweater in a department store is an example of money serving as a
A) medium of exchange. B) unit of accounting.
C) store of value. D) standard of deferred value.
B
Economics
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As a tool that is used to measure inequality in the distribution of income, the Lorenz curve graphs
A) the cumulative percentage of income against the cumulative percentage of households. B) the percentage of total income received by each given percentage of households. C) the mean income, median income, and mode income against the percentage of households. D) the mean income received by households over time.
Economics
Knowledge capital is ________ in production and ________. As a result, firms ________ free ride
A) nonrival; nonexcludable; cannot B) nonrival; excludable; can C) nonrival; nonexcludable; can D) rival; nonexcludable; cannot
Economics