Have you ever bought a good by exchanging a piano for it? Unlikely. Economists emphasize this point when they discuss the degree to which an asset can easily be used as money. They refer to the asset's

According to this Application, the dry dust wind known as the harmattan has caused ________ of cocoa pods

A) an increase in the supply B) a decrease in the demand C) a decrease in the supply D) an increase in the demand

Suppose in 2016, you purchase a house built in 2003. Which of the following would be included in the gross domestic product for 2016?

A) the value of the house in 2016 B) the value of the house in 2016 minus depreciation C) the value of the services of the real estate agent D) the value of the house in 2003