If something is used as a medium of exchange, then a necessary condition is that it must be
a. a precious metal, such as gold or paper money
b. convertible into gold
c. used in barter exchange
d. in abundant supply
e. accepted by those using it as payment for any purchase
E
Economics
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In the figure above, imposing a tax on the sellers of the product results in a division in which
A) all of the tax is paid by the buyers. B) all of the tax is paid by the sellers. C) the buyers and sellers pay the same amount. D) neither the buyers nor the sellers pay the tax.
Economics
Why do firms reorganize and change their structural forms?
Economics