Credit cards are not a form of money because
A) money needs to be tangible (not virtual).
B) credit cards just extend a loan.
C) credit cards just relate to an account.
D) credit card balances are in fact counted as money.
B
Economics
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If your income increases, what is the effect on your budget line?
What will be an ideal response?
Economics
Elvis loves steak. Suppose he values the first steak sandwich he eats at $5, the second at $4.50, and the third at $4 . If he buys the 3-for-$4 special, his consumer surplus is
a. $5 b. $4 c. $1.50 d. $9.50 e. $12
Economics