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Author Question: The unit of account function of money: a. means that money should be durable. b. means that money ... (Read 227 times)

Charlie

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on: Jun 30, 2018
The unit of account function of money:
 a. means that money should be durable.
 b. means that money makes price information more accessible.
  c. requires that money be made of something valuable.
 d. means that money can be used to save up purchasing power.
  e. means that money is more easily counted than goods.

Question 2

Which of the following would be illegal under the Robinson-Patman Act?
 a. Ford and General Motors meet to fix the price of cars.
  b. Computer makers form a cartel.
  c. General Mills and Kelloggs decide to merge.
  d. Exxon sells gas at a higher wholesale price to independent gas retailers than to Exxon retailers.
  e. Exxon Oil and Mobil Oil elect the same person to their boards of directors.


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kaylee05

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Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

d


Charlie

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Reply #2 on: Jun 30, 2018
Correct answers!


kaylee05

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Reply #3 on: Jun 30, 2018
Great! Please up vote :D


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