Author Question: Money is: a. valuable because it is backed by gold. b. any items used in barter. c. an illiquid ... (Read 39 times)

bcretired · **on:** Jun 30, 2018

Money is:
a. valuable because it is backed by gold.
b. any items used in barter.
c. an illiquid asset.
d. none of these.

Question 2

According to the infant industry argument, a new domestic industry needs protection because it has higher costs than established foreign competitors.
a. True
b. False
Indicate whether the statement is true or false