This topic contains a solution. Click here to go to the answer

Author Question: Which of the following is true if a nation's official money fails to serve as a medium of exchange? ... (Read 62 times)

ENagel

  • Hero Member
  • *****
  • Posts: 540
Which of the following is true if a nation's official money fails to serve as a medium of exchange?
 a. Nothing will replace money to help facilitate exchange.
  b. There will be an increase in economic efficiency.
 c. Resources will divert from production to exchange.
 d. Transactions costs of exchange will decrease.
 e. Fewer barter exchanges will be completed.

Question 2

Which of the following is most likely to increase productivity growth, as measured using GDP statistics?
 a. Reduced capital formation
 b. Decreased human capital
 c. Increased research and development
  d. Increased government regulation
 e. Higher price of a raw material



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

dyrone

  • Sr. Member
  • ****
  • Posts: 322
Answer to Question 1

c

Answer to Question 2

c




ENagel

  • Member
  • Posts: 540
Reply 2 on: Jun 30, 2018
Gracias!


patma1981

  • Member
  • Posts: 292
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

Did you know?

Bacteria have flourished on the earth for over three billion years. They were the first life forms on the planet.

Did you know?

There are more bacteria in your mouth than there are people in the world.

Did you know?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

Did you know?

The horizontal fraction bar was introduced by the Arabs.

For a complete list of videos, visit our video library