Author Question: Money is any commodity or token that A) is naturally accepted by households to accumulate wealth. ... (Read 92 times)

mrsjacobs44

  • Hero Member
  • *****
  • Posts: 500
Money is any commodity or token that
 
  A) is naturally accepted by households to accumulate wealth.
  B) is backed up and controlled by the government.
  C) does not change in value over time.
  D) is generally accepted as a means of payment.
  E) is backed by gold.

Question 2

The statement that increases in the tax on gasoline increase the price of gasoline is an example of a
 
  A) marginal statement.
  B) normative statement.
  C) rational-decision statement.
  D) macroeconomic statement.
  E) positive statement.



jojobee318

  • Sr. Member
  • ****
  • Posts: 298
Answer to Question 1

D

Answer to Question 2

E



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Most childhood vaccines are 90–99% effective in preventing disease. Side effects are rarely serious.

Did you know?

The ratio of hydrogen atoms to oxygen in water (H2O) is 2:1.

Did you know?

The effects of organophosphate poisoning are referred to by using the abbreviations “SLUD” or “SLUDGE,” It stands for: salivation, lacrimation, urination, defecation, GI upset, and emesis.

Did you know?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

For a complete list of videos, visit our video library