The collection and use of data to test economic theories is
A. empirical economics.
B. descriptive economics.
C. positive economics.
D. normative economics.
Answer: A
Economics
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From 1992-2007, the volume of currency traded worldwide:
a. slumped due to the world recession. b. increased approximately 290%. c. fluctuated wildly due to investor expectations. d. was concentrated in trades in the developing world.
Economics
Which function of money allows for specialization to take place?
A) medium of exchange B) unit of account C) store of value D) standard of deferred payment
Economics