Homework Answers
Due to presence of HOMEWORKLIB POLICY, I am answering 4 questions.
Question 26.
Ans: Both 1 and 2 are false.
Explanation: Money value is the amount of goods and services it can purchase and money is the most liquid asset.
Question 27.
Ans: consumer nondurable goods.
Explanation: These are goods consumed by consumers for utility, not to produce something using them in production process.
Question 28.
Ans: A lighthouse.
Explanation: It is non-rival and non-excludable.
Question 29.
Ans: The rate of profits of Hyperion Coffee.
Explanation: This belongs to a single firm and not to aggregate economic health.
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