To an Economist,________ Is Anything That Is Generally Accepted in Payment

question 21

Multiple Choice

To an economist,________ is anything that is generally accepted in payment for goods or services or in the repayment of debt.

• A)wealth
• B)income
• C)money
• D)credit

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Definitions:

Anti-Theft Device

A device or system designed to prevent unauthorized access to or theft of personal property or vehicles.

Auto-Insurance

A contract between a vehicle owner and an insurance company, where the insurer covers losses related to car accidents or theft.

Monitored Lock

A lock system that is tracked or observed to ensure its integrity, often used in security applications.

Moral Hazard

The situation where one party is more likely to take risks because another party bears the cost of those risks.