Question and answer
Which of the following correctly defines money as a unit of account? a. It determines whether a good has value. b. It is determined to be legal by the person in possession of it. c. It provides a
means for comparing the values of goods and services. d. It does not retain its value when saved instead of spent. Please select the best answer from the choices provided
C) It provides a means for comparing the values of goods and services defines money as a unit of account. [ ]
Expert answered|jher000|Points 7680|
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Asked 10/2/2012 10:18:31 AM
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According to the law of supply, the higher the price, a. the more consumers are willing to pay. b. the larger the quantity produced. c. the smaller the quantity produced. d. the more the availability of a good is reduced. Please select the best answer from the choices provided
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Updated 2/21/2015 10:30:53 AM
1 Answer/Comment
According to the law of supply, the higher the price, the larger the quantity produced.

Added 2/21/2015 10:30:53 AM
This answer has been confirmed as correct, not copied, and helpful.
Confirmed by jeifunk [2/21/2015 10:59:58 AM]
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