The unit of value function of money refers to how we think about and record a transaction, whereas the means of payment function refers to how we actually pay for the items

In order to obtain the data used to calculate the unemployment rate, the Bureau of Labor Statistics

A) adds the number of people collecting unemployment insurance from each state. B) adds the state unemployment claims reports. C) uses a survey from 60,000 households. D) adds together all the reports of layoffs from businesses. E) uses a survey from 160,000 firms.

The expression "terms of trade" refers to the:

A) rate at which a nation can trade its products for imported goods. B) credit terms that an exporter extends to an importer. C) period of time within which an importer can pay an exporter without incurring a finance charge. D) terms on which an importer borrows from his bank in order to finance his purchases.