Commodity money is
a. backed by gold.
b. the principal type of money in use today.
c. money with intrinsic value.
d. receipts created in international trade that are used as a medium of exchange.
c
Economics
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NPV calculation need to include
A) only sunk costs of a project. B) only variable costs of a project. C) all costs related to a project. D) a risk-free rate as the discount rate.
Economics
Consider the production possibilities frontier displayed in the figure shown. A society should choose to produce:
A. at point C because it is the safest.
B. at point B because it represents the most the society can produce.
C. at any point that produce some of each good.
D. at any point on the frontier rather than inside it.
Economics