The function of money that enables individuals to exchange goods and services in a common unit of account is called:

A monopsonist can pick the ____, while a monopolist can pick ____

a. the price it will charge; the wage it will pay b. the wage it will pay; the price it will charge c. the market price for its output; the quantity it will produce d. marginal product of labor; the marginal cost of labor e. number of competitors; the number of buyers

Any transaction that leads to a payment by a country's residents or government is a(n)

A) debt. B) asset. C) deficit item. D) surplus item.