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 247 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
Great answer, keep it coming :)


amynguyen1221

  • Member
  • Posts: 355
Reply 3 on: Yesterday
Excellent

 

Did you know?

About 80% of major fungal systemic infections are due to Candida albicans. Another form, Candida peritonitis, occurs most often in postoperative patients. A rare disease, Candida meningitis, may follow leukemia, kidney transplant, other immunosuppressed factors, or when suffering from Candida septicemia.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

For a complete list of videos, visit our video library