In order for any given commodity to be considered money, it has to
A) be issued and controlled by some governmental institution.
B) have some intrinsic value.
C) be generally acceptable as a means of payment.
D) be used in barter transactions.
E) be convertible into gold or silver.
C
Economics
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If the number of ITQs issued equals the efficient production level, what is the price of an ITQ?
What will be an ideal response?
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What immediate consequence does an increase in education time have in the endogenous growth model with human capital?
A) lower output B) lower output in the future C) lower wages D) lower human capital
Economics