Subject to a few legal and practical restrictions, anything may be exchanged for anything else. The distinctive advantage of money is that ________
A) it is likely to retain its value, whether it is kept or exchanged
B) it has little, if any, use other than exchange
C) it can generate income while it is kept
D) it is likely to be accepted by everyone in exchange for anything
E) none of the above
D
Economics
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If a country produces only two goods, then it is not possible to have a comparative advantage in the production of both those goods
Indicate whether the statement is true or false
Economics
What is the difference between black and parallel markets for foreign exchange? How are these created?
What will be an ideal response?
Economics