When money serves as a standard for comparing values of different things, it is functioning as a
A) store of value.
B) hedge against inflation.
C) standard of deferred payment.
D) unit of accounting.
D
Economics
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The increased willingness of women to enter the workforce has most likely lead to what outcome in the labor market?
a. an increase in labor demand and higher real wages. b. an increase in labor supply and higher real wages. c. an increase in labor supply and high real wages. d. a decrease in labor demand and lower real wages. e. none of the above.
Economics
The long-run average total cost curve of a firm envelops many short-run average total cost curves
a. True b. False Indicate whether the statement is true or false
Economics