Which of the following represents a function of money?
A) standard of deferred payment B) medium of exchange
C) unit of accounting D) all of the above
D
Economics
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The equity argument for government financing of education _____
a. is dependent upon the socialization argument b. does not imply government financing c. does not imply government production d. is dependent upon externalities being inframarginal
Economics
Monopsonistic exploitation is
A) measured by the area above the supply curve but below the wage paid. B) the difference between the marginal revenue product of a worker and the wage received by the worker. C) measured by the height of the supply curve of labor. D) the cost to society from unions.
Economics