For an asset to be a "means of payment," the asset
A) is valuable and backed by gold.
B) can be used to settle a debt.
C) is valuable and backed by the government.
D) requires a double coincidence of wants.
E) must be used when bartering.
B
Economics
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Refer to Table 17-3. What is the amount of profit added as a result of hiring the fourth worker?
A) $7,200 B) $1,200 C) $800 D) $400
Economics
Based on the graph above, suppose the economy is at point 2, then output falls to 10 and there is a price shock of one percent. The inflation rate next period will be ________ percent
A) 5 B) 3.5 C) 4.5 D) 4 E) none of the above
Economics