When money serves as a store of value, it allows you to
A) transfer wealth into the future.
B) eliminate a double coincidence of wants.
C) be an effective negotiator.
D) find good bargains.
A
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Which of these events would cause the consumer price index to overstate the increase in the cost of living?
a. Car makers benefit from a new technology that allows them to sell higher-quality cars to consumers with no increase in price. b. Energy prices decrease, and consumers respond by buying more gas and electricity. c. A new good is introduced that renders cellular telephones inferior and obsolete. d. All of the above are correct.
Other things equal, increased emphasis on providing the best possible medical care for all, regardless of income, will:
A. increase the demand for health care. B. increase the supply of health care. C. have no effect. D. decrease the demand for health care.