The usefulness of money in commercial societies comes from the fact that
A) money is backed by gold.
B) most people will change their behavior at least a little in response to money incentives.
C) most people will do anything at all for money.
D) most people would rather spend money than save it.
E) the quantity of money can easily be expanded or contracted.
B
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False advertising ________ likely to be successful with a plush stuffed toy sold at retail stores because the stuffed toys are a(n) ________ good.
A) is; credence B) is; inspection C) is not; inspection D) is not; credence
Which of the following would not cause the market supply of cell phones to change?
A.) Telecommunications are deregulated, and anyone can produce and sell cell phones. B.) A cheaper technology for producing cell phones is developed. C.) A reduction in the demand for cell phones causes the price to fall. D.) Taxes levied on cell phone production are reduced.