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Author Question: Money serves as all of the following EXCEPT A) a medium of exchange. B) a unit of account. C) a ... (Read 49 times)

genevieve1028

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on: Jun 30, 2018
Money serves as all of the following EXCEPT
 
  A) a medium of exchange.
  B) a unit of account.
  C) a store of value.
  D) a symbol that is made of or can be redeemed for a fixed amount of precious metal.
  E) a highly liquid asset.

Question 2

Tariffs are NOT defended on the grounds that they
 
  A) improve the terms of trade of foreign nations.
  B) protect jobs and reduce unemployment.
  C) promote growth and development of young industries.
  D) prevent over-dependence of a country on only a few industries.
  E) protect domestic producers from foreign low prices.


soda0602

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

D

Answer to Question 2

A


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