If each of us relied exclusively on the market to determine what to buy, we would probably end up with few, if any

A school teacher gets paid today in money, but plans to spend the money in six months on a vacation. This illustrates which function of money?

A) medium of exchange B) store of value C) standard of value D) serving as a commodity

A country has an absolute advantage over another if it can produce a good with fewer resources

a. True b. False Indicate whether the statement is true or false