« previous next »

Author Question: As a result of money in an economy, A) transaction costs are higher than would be the case in a ... (Read 16 times)

stephzh

  • Hero Member
  • *****
  • Posts: 556
on: Jun 30, 2018
As a result of money in an economy,
 
  A) transaction costs are higher than would be the case in a barter economy.
  B) people are greedier than in a barter economy.
  C) real Gross Domestic Product (GDP) and economic growth are greater than they would be in a barter economy.
  D) stealing exists and people have to find ways to prevent theft.

Question 2

The wealth effect is another term for the
 
  A) the interest rate effect. B) the real-balance effect.
  C) substitution effect. D) the indirect effect.


millet

  • Sr. Member
  • ****
  • Posts: 354
Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Immunoglobulin injections may give short-term protection against, or reduce severity of certain diseases. They help people who have an inherited problem making their own antibodies, or those who are having certain types of cancer treatments.

Did you know?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

Did you know?

Pregnant women usually experience a heightened sense of smell beginning late in the first trimester. Some experts call this the body's way of protecting a pregnant woman from foods that are unsafe for the fetus.

Gangrene of the toes and foot as a result of an infection often means eventual amputation. Gangrene of the toes and foot as a result of an infection often means eventual amputation.
IQ and Genetics The closer the genetic relationship, the higher the correlation in IQ. Based on: Br IQ and Genetics The closer the genetic relationship, the higher the correlation in IQ. Based on: Br
Higher-Order Conditioning Higher-Order Conditioning
Dagny Taggart is a graduating college senior and she is considering the costs of going to ... Dagny Taggart is a graduating college senior and she is considering the costs of going to ...
Electropherogram showing the STR profiles of four samples from a rape case Electropherogram showing the STR profiles of four samples from a rape case
A debt payment of $7500 is due in 24 months. If money is worth 7.2% p.a. compounded quarterly, ... A debt payment of $7500 is due in 24 months. If money is worth 7.2% p.a. compounded quarterly, ...
Video: Protein Secondary and Tertiary Structures - Animation

For a complete list of videos, visit our video library