A scalper reselling Super Bowl tickets is an example of money being used as:
a. a store of value.
b. a unit of account.
c. an illegal asset.
d. a standard of deferred payment.
e. a medium of exchange.
e
Economics
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Economists find the notion of people "needing" things to be
A) supported by the law of demand. B) considered false. C) seriously misleading because they ignore substitutes. D) considered tentatively true until the preponderance of the data suggests otherwise.
Economics
A statement issued by the president’s economic advisors stating that growth can continue without price increases indicates that they believe the relevant aggregate supply curve is
A. vertical. B. horizontal. C. downward sloping. D. upward sloping.
Economics