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6. Which of the following is not of the function of money:
a) a medium of exchange;
b) a store of value;
c) a unit of account;
d) a factor of production.
7. Commodity money:
a) has no intrinsic value;
b) has intrinsic value;
c) is used exclusively in Ukraine;
) is used as reserves to back fait money.
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- production relations - industry - gradualism - state property - surplus value - economic institutions
- economic systems
- common stock - command economy
- national economy
- market failure
- invisible hand - face value , -
self interest
- transition economy
- - planned economy - property rights - employer - profit - privatization -private sector - market economy - market system - freedom of choice - freedom of enterprise
- circular flow
- central economic planning , - what, how and for whom
-shock therapy
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11. , ?
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13.What is meant by economic growth?
14.What are the most important ingredients of the economic system?
15.Why is it difficult for economists to come up with a definitive definition of an equitable distribution of income?
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