Aristotle believed voluntary trade should be
A) an exchange of unequal values.
B) an exchange of equal values.
C) an exchange of equal material possessions.
D) an exchange of unequal material possessions.
B
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The money demand curve slopes: a. downward because the cost of holding money decreases as the interest rate decreases
b. downward because the cost of holding money increases as the interest rate decreases. c. upward because people demand more money as real GDP increases. d. upward because people demand more money as real GDP decreases. e. downward because people demand more money as the price level decreases.
Which of the following is most likely to be a variable cost for a firm?
A. the monthly rent on office space that it leased for a year B. the payroll taxes that are paid on employee wages C. the franchiser's fee that a restaurant must pay to the national restaurant chain D. the interest payments made on loans