This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: What are the two features of money that distinguish it from all other goods in the economy? A) ... (Read 176 times)

bobbysung

  • Hero Member
  • *****
  • Posts: 519
on: Jun 29, 2018
What are the two features of money that distinguish it from all other goods in the economy?
 
  A) Money is government issued and it is redeemable for gold or silver.
  B) Money is accepted as a medium of exchange and it is the common unit of account used to express prices.
  C) Money is part of every barter transaction and it is divisible.
  D) Money is a common unit of account and it is also can be traded for other currencies at a guaranteed exchange rate.

Question 2

If the demand for a product falls and the supply stays the same
 
  A) the market clearing price will fall and the equilibrium quantity will rise.
  B) the market clearing price will rise and the equilibrium quantity will fall.
  C) both the market clearing price and the equilibrium quantity will fall.
  D) both the market clearing price and the equilibrium quantity will rise.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

chereeb

  • Sr. Member
  • ****
  • Posts: 326
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

C


bobbysung

  • Member
  • Posts: 519
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

LVPMS

  • Member
  • Posts: 323
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

About 100 new prescription or over-the-counter drugs come into the U.S. market every year.

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Did you know?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

Retrograde pyelogram. A contrast medium is injected into the ureter using a cystoscope, and the X-ra Retrograde pyelogram. A contrast medium is injected into the ureter using a cystoscope, and the X-ra
Surface Features on Titan Surface Features on Titan
Key features of robust australopithecines. Key features of robust australopithecines.
At breakfast, a middle-class husband sits absorbed in the newspaper and the public affairs of the da At breakfast, a middle-class husband sits absorbed in the newspaper and the public affairs of the da
The Economics of Money, Banking and Financial Markets, Business School Edition The Economics of Money, Banking and Financial Markets, Business School Edition
Depositional Features Depositional Features
Video: Metaphase I Animation

For a complete list of videos, visit our video library