Silver is an example of a

A) commodity money.
B) barter money.
C) fiat money.
D) representative money.

Answer: A

Economics

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An increase in the money wage rate leads to

A) a rightward shift of the aggregate supply curve. B) a downward movement along the aggregate supply curve. C) an upward movement along the aggregate supply curve. D) a leftward shift of the aggregate demand curve. E) a leftward shift of the aggregate supply curve.

Economics

Given that the firm only chooses to sell the high-end professional series, how should it price its product?

a. Price low, sell to both users b. Price high, sell only to the professional chefs c. Price low, sell only to the professional chefs d. Price high, sell only to the home users

Economics