Author Question: Money is any commodity or token that A) is naturally accepted by households to accumulate wealth. ... (Read 100 times)

mrsjacobs44

  • Hero Member
  • *****
  • Posts: 500
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

  • Sr. Member
  • ****
  • Posts: 298
Answer to Question 1

D

Answer to Question 2

E



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

Did you know?

The average office desk has 400 times more bacteria on it than a toilet.

Did you know?

The ratio of hydrogen atoms to oxygen in water (H2O) is 2:1.

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

Did you know?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

For a complete list of videos, visit our video library