Bao want to buy a new car, so she opens a new savings account and every month deposits some money there to save for a down payment. Even though it will take her a while to save up enough money, Bao knows that the money she is saving will maintain its approximate value. This scenario best illustrates money’s function as a ______.

To assist pineapple growers in Hawaii, the U.S. government decides to limit the number of pineapples allowed into the country that are grown in Central American countries

Such a restriction prevents many transactions from occurring, and results in opportunity loss which is called a(n) A) import deficit. B) deadweight loss of a quota. C) rent seeking loss. D) non-cooperative surplus.

Why would an increase in the minimum wage to $15 per hour lead to more unemployment for teenage and low-skilled workers?

What will be an ideal response?