All of the following are necessary criteria for a commodity to function as money EXCEPT
A) it must deteriorate quickly.
B) it must be divisible.
C) it must be easy to carry.
D) it must be widely accepted.
A
Economics
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A popular resort restaurant will maximize profits if it chooses to stay open during the less-crowded "off season" when its total revenues exceed its variable costs
a. True b. False Indicate whether the statement is true or false
Economics
Each of the following contributes to income inequality except:
A. differences in ability and training. B. differences in job tastes. C. differences in wealth ownership. D. government transfers.
Economics