The characteristics that money should have include:
a. portability, durability, and flexibility.
b. durability, flexibility and stability.
c. durability, portability, and non-homogeneity.
d. scarcity, portability, and divisibility.
e. portability, homogeneity, and flexibility.
d
Economics
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A competitive equilibrium is a state of affairs in which
A) markets clear, and output is maximized. B) output is maximized, and all agents are equally well-off. C) all agents are equally well-off and agents are price-takers. D) economic agents are price takers and markets clear.
Economics
What is one of the concerns of opponents of inflation?
a. Indexing is always partial. b. Indexing is always fair. c. Indexing is sometimes partial. d. Indexing is sometimes fair.
Economics