Social Security taxes and Medicare taxes are both progressive taxes

Which of the following statements is NOT true about money?

A) Money can only be coins and paper. B) Anything that serves as a medium of exchange, as a unit of accounting, as a store of value, and as a standard of deferred payment can be called money. C) Money is any medium that is universally accepted by sellers and creditors. D) Money is a standard of deferred payment.

Economic theory assumes citizens vote

A) in total ignorance of each issue. B) in their own interest. C) in the public interest. D) by systematically discounting their long-run interests.