Which of the following statements regarding the use of gold as money is false?
A) It is durable.
B) It is acceptable to most people.
C) It is valuable relative to its weight.
D) It has standardized quality.
D
Economics
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A hot dog vendor on a street corner could increase the quantity of hot dogs her customers demand by 12 percent if she lowers the price of a hot dog 10 percent. The demand for the hot dogs is
A) cross elastic. B) arc elastic. C) unit elastic. D) elastic.
Economics
The International Monetary Fund was created to facilitate the borrowing and lending of dollar reserves to central banks of the countries participating in the Bretton Wood System
Indicate whether the statement is true or false
Economics