The function of money illustrated by the prevailing prices of goods and services is the
A) medium of exchange function.
B) unit of account function.
C) standard of deferred payments function.
D) store of value function.
Ans: B) unit of account function.
Economics
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The per person production function representing both physical capital per person (K/N) and human capital per person (H/N) is
A) Y/N = (K/N)b(H/N)c. B) Y/N = (K/N)b + (H/N)c. C) Y/N = (K/N)b - (H/N)c. D) Y/N = (K/N)b/(H/N)c.
Economics
Which of the following organizations is a powerful union in the public sector?
a. American Medical Association (AMA) b. National Education Association (NEA) c. National Rifle Association (NRA) d. United Automobile Workers (UAW)
Economics