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 251 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
Excellent


momolu

  • Member
  • Posts: 320
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

Computer programs are available that crosscheck a new drug's possible trade name with all other trade names currently available. These programs detect dangerous similarities between names and alert the manufacturer of the drug.

Did you know?

Certain chemicals, after ingestion, can be converted by the body into cyanide. Most of these chemicals have been removed from the market, but some old nail polish remover, solvents, and plastics manufacturing solutions can contain these substances.

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

For a complete list of videos, visit our video library