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Author Question: An economy using money is more efficient that a barter economy because the use of money reduces the ... (Read 87 times)

rmenurse

  • Hero Member
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  • Posts: 513
on: Jun 30, 2018
An economy using money is more efficient that a barter economy because the use of money reduces the time spent searching for trading partners with a coincidence of wants and therefore more time can be spent producing goods and services.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

A market system does not operate based on self-interest.
 a. True
  b. False
  Indicate whether the statement is true or false


maya.nigrin17@yahoo.com

  • Sr. Member
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  • Posts: 324
Reply #1 on: Jun 30, 2018
Answer to Question 1

True

Answer to Question 2

False


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