Whatever a society uses as money, the distinguishing characteristic is that it must
A) be completely inflation proof.
B) be generally acceptable as payment for goods and services or in the repayment of debt.
C) contain gold.
D) be produced by the government.
B
Economics
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The real cost of a decision is the opportunity cost measured in the commodities forgone
a. True b. False Indicate whether the statement is true or false
Economics
The demand curve for a product shifts below. Which of the following statement(s) is (are) a plausible explanation(s) for this situation?
A) The price of a competing product decreased. B) A successful television advertising campaign was launched by the manufacturer of the product. C) Assuming the commodity in question is a normal good, income available to the customer increased. D) Both B and C
Economics