The demand for money refers to the desire to
A) hold a good that yields utility when it is consumed.
B) a high income.
C) spend money because money is used in all transactions.
D) hold money because money is used in all non-barter transactions.
D
Economics
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According to the law of comparative advantage, individuals and economies should specialize in producing those goods and services in which they have a comparative advantage
a. True b. False
Economics
People interpret evidence to confirm beliefs they already hold. This statement is an example of which of the following systematic mistakes that people make?
a. people are overconfident b. people give too much weight to a small number of vivid observations c. people are reluctant to change their minds d. All of the above are correct.
Economics