Asset demand for money is related to money functioning as a
A. store of value.
B. medium of deferred payment.
C. unit of accounting.
D. medium of exchange.
Answer: A
Economics
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When U.S. farmers in the Southwest irrigate their land, salt in the ground soil leaks into the Colorado River. The Colorado River has become so salty that Mexican farmers further down the river cannot irrigate their own land and Mexican crops have been devastated. This situation constitutes a negative externality because:
Economics
A monopolist will not earn any economic profits when
A. ATC lies below the demand curve. B. ATC lies above the demand curve. C. AFC is very high. D. AVC is a minimum.
Economics