Money serves as a medium of exchange. This means that you can
A. increase the economic growth rate in the long run by printing more money.
B. compare values across several items by looking at the prices in terms of money.
C. accept money as payment for the goods and services you sell.
D. hold on to money to use at a later time.
Answer: C
Economics
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The labor force participation rate equals the
A) (labor force divided by the number of people not in the labor force) × 100. B) (number of employed divided by the labor force) × 100. C) (labor force divided by working-age population) × 100. D) (labor force divided by the total population) × 100.
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In economics, what is meant by investment?
What will be an ideal response?
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