When an asset is traded for goods and services it is serving the function of a ________
A) store of value B) loanable fund
C) unit of account D) medium of exchange
D
Economics
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Explain why a firm should continue to operate in the short run so long as market price is greater the the firm's average variable cost at the profit-maximizing level of output
What will be an ideal response?
Economics
In a market economy, the amount of a good that is produced is primarily decided by the interaction of: a. buyers and sellers
b. all consumers. c. producers and input suppliers. d. producers and government planning committees.
Economics