When Economists Refer to the Role of Money as a Unit

question 68

Multiple Choice

When economists refer to the role of money as a unit of account, they mean that

• A)most accounting systems reflect that goods are purchased with currency.
• B)most accounting systems reflect that goods are purchased with checks.
• C)money gives traders a way of measuring value in the economy.
• D)money makes it possible for specialization to take place.

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Definitions:

Extrinsic Motivation

Motivation driven by external rewards such as money, fame, grades, or praise, rather than by the enjoyment of the activity itself.

Grading Practices

The methods and criteria used by educators to evaluate, measure, and document the academic performance of students.

Internal Motivation

The drive to act or perform tasks based on internal rewards and personal satisfaction rather than external incentives or pressures.

Least Restrictive Environment

A principle in special education that students with disabilities should be educated with their non-disabled peers to the greatest extent appropriate.