A good that is used as a medium of exchange as well as being a consumption good is called
A) a barter money.
B) a commodity money.
C) a legal tender.
D) a debased money.
B
Economics
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Other things equal, a monopolist will hire
A) more workers than a perfectly competitive industry. B) fewer workers than a perfectly competitive industry. C) more workers than a perfectly competitive firm. D) the same number of workers as a perfectly competitive industry would.
Economics
A year-long drought that destroys most of the summer's crops would be considered a:
A. short-run supply shock. B. long-run supply shock. C. short-run demand shock. D. long-run demand shock.
Economics