Frank spends Saturday afternoon at the Dodge dealership looking at new trucks. The model that he is interested in has a sticker price of $29,000. The fact that the price is quoted in dollars is an example of money used as a
A) medium of exchange.
B) unit of account
C) store of value.
D) All of the above answers are correct.
B
Economics
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If people were perfectly rational, they would:
A. only care about real prices. B. only care about nominal prices. C. care about both real and nominal prices. D. not care about prices at all.
Economics
What are the primary determinants of agricultural labor productivity?
What will be an ideal response?
Economics