This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: When money is accepted as payment for a good or service, it is being used as a A) medium of ... (Read 43 times)

809779

  • Hero Member
  • *****
  • Posts: 579
on: Jun 30, 2018
When money is accepted as payment for a good or service, it is being used as a
 
  A) medium of exchange.
  B) mechanism for transforming current purchases into future purchases.
  C) store of value.
  D) unit of account.

Question 2

Let C = 40 + 0.8y and I = 10. Autonomous consumption is
 
  A) 10. B) 32. C) 40. D) 50.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Koolkid240

  • Sr. Member
  • ****
  • Posts: 357
Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

C


809779

  • Hero Member
  • *****
  • Posts: 579
Reply #2 on: Jun 30, 2018
Correct answers!


Koolkid240

  • Sr. Member
  • ****
  • Posts: 357
Reply #3 on: Jun 30, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

The horizontal fraction bar was introduced by the Arabs.

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Did you know?

Certain topical medications such as clotrimazole and betamethasone are not approved for use in children younger than 12 years of age. They must be used very cautiously, as directed by a doctor, to treat any child. Children have a much greater response to topical steroid medications.

Did you know?

The first oral chemotherapy drug for colon cancer was approved by FDA in 2001.

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Men Present for Service during the Civil War Men Present for Service during the Civil War
Security Tips for Accepting Various Forms of Payment Security Tips for Accepting Various Forms of Payment
Many gasoline service stations have signs posted warning customers to place plastic fuel containers ... Many gasoline service stations have signs posted warning customers to place plastic fuel containers ...
Technical service bulletins (TSBs) are issued by vehicle manufacturers when a fault occurs that ... Technical service bulletins (TSBs) are issued by vehicle manufacturers when a fault occurs that ...
Good body mechanics when facing the table directly. A. Head and back in alignment. B. Legs and feet ... Good body mechanics when facing the table directly. A. Head and back in alignment. B. Legs and feet ...
Good hand and body mechanics when applying thumb pressure to the back. Good hand and body mechanics when applying thumb pressure to the back.
Video: Introduction to Tuberculosis

For a complete list of videos, visit our video library