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Prices Are Commonly Measured in "Dollars Per Unit

Question 26

Multiple Choice

Prices are commonly measured in "dollars per unit." In this context,the term dollar as used by the microeconomist


A) is another term for currency.
B) refers to a representative basket of goods in the economy.
C) represents the resources used in the production of the good being considered.
D) means that the price has been adjusted for inflation.

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