Gold is an excellent store of value because of its
a. divisibility, portability, and homogeneity
b. divisibility and durability
c. durability and relative scarcity
d. durability and homogeneity
e. divisibility, durability, and relative scarcity
C
Economics
You might also like to view...
Some examples of standardized products include
a. furniture products, such as chairs and tables b. clothing products, such as shirts and jeans c. agricultural products, such as eggs and milk d. electronic products, such as DVD players and TVs
Economics
Perfect price discrimination
a. is a common occurrence in situations with many buyers. b. occurs fairly often in situations with only a few buyers. c. is only observed in competitive markets. d. rarely occurs because firms do not have sufficient power to differentiate among specific buyers.
Economics