Author Question: Money is any commodity or token that A) is naturally accepted by households to accumulate wealth. ... (Read 53 times)

mrsjacobs44

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Money is any commodity or token that
 
  A) is naturally accepted by households to accumulate wealth.
  B) is backed up and controlled by the government.
  C) does not change in value over time.
  D) is generally accepted as a means of payment.
  E) is backed by gold.

Question 2

The statement that increases in the tax on gasoline increase the price of gasoline is an example of a
 
  A) marginal statement.
  B) normative statement.
  C) rational-decision statement.
  D) macroeconomic statement.
  E) positive statement.



jojobee318

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Answer to Question 1

D

Answer to Question 2

E



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