Which function of money enhances the ability of households to accumulate wealth
A) medium of exchange
B) store of value
C) valuable relative to its weight
D) does not become worn out too quickly
B
Economics
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A change in a marginal benefit or cost will
A) increase consumption. B) decrease production. C) cause an individual to make a rational choice. D) increase sunk costs. E) change incentives.
Economics
Refer to the above figure. The market equilibrium quantity is Q1. Point Q2 represents the optimal amount of production. This indicates that there is
A) a public good which should be produced. B) regressive taxation of the product. C) a positive externality. D) a negative externality.
Economics