Compared to a barter economy, using money increases efficiency by reducing: a. transaction costs. ...

Author Question: Compared to a barter economy, using money increases efficiency by reducing: a. transaction costs. ... (Read 27 times)

EY67

Hero Member
Posts: 531

on: Jun 30, 2018

Compared to a barter economy, using money increases efficiency by reducing:
a. transaction costs.
b. the need to exchange goods.
c. the need to specialize.
d. inflation.

Question 2

When countries specialize, total world output increases, and, therefore, the potential for greater total world consumption also increases.
a. True
b. False
Indicate whether the statement is true or false

lindahyatt42

Sr. Member
Posts: 322

Reply #1 on: Jun 30, 2018

Answer to Question 1

a

Answer to Question 2

True

Need homework help now?

Ask unlimited questions for free

Ask a Question

« previous next »

Did you know?

Chronic marijuana use can damage the white blood cells and reduce the immune system's ability to respond to disease by as much as 40%. Without a strong immune system, the body is vulnerable to all kinds of degenerative and infectious diseases.

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.