Money solves the dilemma of a double coincidence of wants by serving as a
A) unit of account. B) medium of exchange.
C) symbol of value. D) store of value.
B
Economics
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Merchandise exports minus imports equal the
A) basic balance. B) liquidity balance. C) official settlements balance. D) balance of trade.
Economics
Gross domestic product
a. is the sum of all exchanges of goods and services during a period. b. includes financial transactions such as the purchase of stocks or bonds traded during a period. c. is the sum of expenditures for both intermediate and final user goods. d. is the sum of the total spending on all final-user goods and services produced domestically during a period.
Economics