« previous next »

Author Question: Would the use of money, as opposed to barter, increase the growth rate of real GDP in a country over ... (Read 89 times)

Diane

  • Hero Member
  • *****
  • Posts: 576
on: Jun 29, 2018
Would the use of money, as opposed to barter, increase the growth rate of real GDP in a country over time? Why or why not?
 
  What will be an ideal response?

Question 2

Identify two ways by which the government controls monopolies?
 
  What will be an ideal response?
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


mammy1697

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jun 29, 2018
Answer to Question 1

Yes, because money makes exchanges easier and increases specialization. Greater specialization raises productivity, which increases the growth rate of real GDP.

Answer to Question 2

The government control monopolies by enforcing antitrust laws and through economic regulation of natural monopolies.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

Did you know?

According to research, pregnant women tend to eat more if carrying a baby boy. Male fetuses may secrete a chemical that stimulates their mothers to step up her energy intake.

Did you know?

Blood in the urine can be a sign of a kidney stone, glomerulonephritis, or other kidney problems.

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

Radial pattern of shoot growth in plants Radial pattern of shoot growth in plants
This chart illustrates the “drip down” model of government. In this, politics is formed by the soc This chart illustrates the “drip down” model of government. In this, politics is formed by the soc
Physiological and pharmacologic effects of growth hormone. Physiological and pharmacologic effects of growth hormone.
Growth in Warm Clouds Growth in Warm Clouds
Relationship between Income Inequality and the Desired Tax Rate Relationship between Income Inequality and the Desired Tax Rate
Primary growth in a root Primary growth in a root
Video: Cataract

For a complete list of videos, visit our video library