When you buy a taco for breakfast, you are using money as a
A) store of value.
B) standard of deferred payment.
C) medium of exchange.
D) unit of accounting.
C
Economics
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Which of the following probably slowed NAFTA's effect on the wages of Mexican workers?
a. the Mexican peso crisis in which Mexico's currency fell greatly in value b. the reluctance of the U.S. government to allow guest workers c. the Iraq war d. so much illegal immigration
Economics
Which of the following is true for a monopolist?
a. The firm has a perfectly elastic demand curve. b. The firm has a perfectly inelastic demand curve. c. The straight-line demand curve is above the marginal revenue curve. d. The marginal revenue curve is above the demand curve. e. All of these.
Economics