Author Question: For an asset to be a means of payment, the asset A) is valuable and backed by gold. B) can be ... (Read 49 times)

sdfghj · **on:** Jun 30, 2018

For an asset to be a means of payment, the asset

A) is valuable and backed by gold.
B) can be used to settle a debt.
C) is valuable and backed by the government.
D) requires a double coincidence of wants.
E) must be used when bartering.

Question 2

Teenagers drink more soda than other age groups. If the number of teenagers increases, everything else remaining the same,

A) market demand for soda does not change.
B) market demand for soda increases.
C) there is a movement along the market demand curve for soda.
D) market demand for soda decreases.
E) None of the above answers is correct because the effect on the demand depends whether the supply curve shifts rightward, leftward, or not at all.