Author Question: When you buy a taco for breakfast, you are using money as a A) store of value. B) standard of ... (Read 55 times)

Haya94 · **on:** Jun 29, 2018

When you buy a taco for breakfast, you are using money as a

A) store of value.
B) standard of deferred payment.
C) medium of exchange.
D) unit of accounting.

Question 2

Refer to the above figure. A price ceiling of 20 results in

A) a shortage of 100 units.
B) a shortage of 200 units.
C) a surplus of 100 units.
D) a surplus of 200 units.