Money is not ________
A) income because the former is a stock measure and the latter a flow
B) wealth because the former is generally used to procure the latter
C) as inefficient as barter because the latter requires a double coincidence of wants
D) all of the above
E) none of the above
D
Economics
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In colonial Georgia,:
a. communal agriculture was successful. b. cotton plantations were flourishing by the early 1700s. c. the slave population assisted free colonists in defending the Florida border. d. slavery was initially prohibited.
Economics
A perfectly competitive firm in long run equilibrium will earn
a. zero economic profit. b. a small positive economic profit. c. a large positive economic profit. d. zero accounting profit.
Economics