In the economic way of thinking, money
A) allows people to behave completely morally.
B) allows people to behave completely competitively.
C) allows people to make goods exchanges without concern for the true costs of their actions.
D) allows people to make a wide range of negotiations.
D
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Everything else held constant, an increase in planned investment expenditure ________ aggregate ________
A) increases; demand B) decreases; demand C) decreases; supply D) increases; supply
Caleb teaches economics at Yucky State University and is paid $50,000 per year. He also provides economic forecasts for local business for which he charges $100 per hour. Which of the following is true?
a. all of Caleb's income is salary b. some of Caleb's income is salary and some is personal interest c. all of Caleb's income is proprietor's income d. some of Caleb's income is salary and some is proprietor's income e. all of Caleb's income is personal interest