Money is: a. valuable because it is backed by gold. b. any ...

[bcretired]

Money is:
 a. valuable because it is backed by gold.
  b. any items used in barter.
  c. an illiquid asset.
  d. none of these.

Question 2

According to the infant industry argument, a new domestic industry needs protection because it has higher costs than established foreign competitors.
 a. True
  b. False
  Indicate whether the statement is true or false

[Joy Chen]

Answer to Question 1

d

Answer to Question 2

True

[bcretired]

Great answer, keep it coming

[alexanderhamilton]

Thanks for the timely response, appreciate it