Matthew purchases a candy bar with his allowance. This purchase represents using money as
A) a medium of exchange.
B) a store of value.
C) an unit of account.
D) none of the above.
A
Economics
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When government spending is equal to the tax revenues during a specific time period, this is known as a
A) government budget deficit. B) government budget surplus. C) balanced budget. D) public debt.
Economics
Refer to Figure 3-7. Assume that the graphs in this figure represent the demand and supply curves for almonds. Which panel best describes what happens in this market when there is an increase in the productivity of almond harvesters?
A) Panel (a) B) Panel (b) C) Panel (c) D) Panel (d)
Economics