Although a variety of commodities have been used as money, the most commonly used have been

a. stones and cattle.
b. shells and beads.
c. gold and silver.
d. cigarettes and candy bars.

c

Economics

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Actual expenditure is to planned expenditure as ________ is to ________

A) desire; accomplishment B) aggregate demand; aggregate supply C) output; income D) observed; theoretical E) fluctuation; equilibrium

Economics

The welfare loss of a tariff equals that of an import quota that leads to the same level of imports

Indicate whether the statement is true or false

Economics