Most markets involve the use of money for transactions because:
a. goods and services can be exchanged more easily with money than without it.
b. goods and services cannot be exchanged without money.
c. using money requires a double coincidence of wants.
d. the transaction costs of using money are very high.
e. the value of money remains same across countries over time.
Question 2
An economy that has many unemployed workers and idle factories is not operating efficiently.
a. True
b. False
Indicate whether the statement is true or false
Ripped Money
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As China has embraced its version of capitalism, wealth has grown, as has consumption. Luxury goods ...
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