The payment for current rather than future command over resources is

A) an implicit cost.
B) an implicit benefit.
C) interest.
D) opportunity cost.

C

Economics

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When money is used to express the value of goods and services, it is functioning as a

A) medium of exchange. B) store of value. C) store of purchasing power. D) unit of account.

Economics

Refer to Table 15-4. What is the amount of Shakti's profit?

A) $68 B) $72 C) $124 D) $192

Economics