Because the monopolistically competitive firm faces a ________ demand curve for its product, it ________ the price of its output

The study of economics arises due to

A) money. B) scarcity. C) greed. D) resources.

An element of trust is built into money because

A. people must trust that the government can always print more of it if necessary. B. people must trust that it will still have value when they want to spend it in the future. C. the government maintains a monopoly over the money supply, and people tend to trust monopolies. D. people must trust the Federal Reserve to prevent banks from failing.