This topic contains a solution. Click here to go to the answer

Author Question: What are the two features of money that distinguish it from all other goods in the economy? A) ... (Read 248 times)

bobbysung

  • Hero Member
  • *****
  • Posts: 519
What are the two features of money that distinguish it from all other goods in the economy?
 
  A) Money is government issued and it is redeemable for gold or silver.
  B) Money is accepted as a medium of exchange and it is the common unit of account used to express prices.
  C) Money is part of every barter transaction and it is divisible.
  D) Money is a common unit of account and it is also can be traded for other currencies at a guaranteed exchange rate.

Question 2

If the demand for a product falls and the supply stays the same
 
  A) the market clearing price will fall and the equilibrium quantity will rise.
  B) the market clearing price will rise and the equilibrium quantity will fall.
  C) both the market clearing price and the equilibrium quantity will fall.
  D) both the market clearing price and the equilibrium quantity will rise.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

chereeb

  • Sr. Member
  • ****
  • Posts: 326
Answer to Question 1

B

Answer to Question 2

C




bobbysung

  • Member
  • Posts: 519
Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it


TheDev123

  • Member
  • Posts: 332
Reply 3 on: Yesterday
Gracias!

 

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

Did you know?

The FDA recognizes 118 routes of administration.

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

For a complete list of videos, visit our video library