This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The development of money as a medium of exchange has facilitated the expansion of trade because (Read 59 times)

fox

  • Hero Member
  • *****
  • Posts: 540
on: Apr 19, 2019

Question 1

Josie wants to trade swimming lessons for cooking lessons. Maria wants to trade cooking lessons for swimming lessons. Josie and Maria have


◦ the basis for a liquidity exchange.
◦ a double incidence of demand.
◦ the basis for a double fiat exchange.
◦ a double coincidence of wants.

Question 2

The development of money as a medium of exchange has facilitated the expansion of trade because


◦ holding money increases people's wealth.
◦ holding money increases people's income.
◦ money eliminates the "double coincidence of wants" problem.
◦ no other mediums of exchange are available.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by fox on Apr 19, 2019

voltaire123

  • Sr. Member
  • ****
  • Posts: 301
Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 29% of students answer this correctly


fox

  • Member
  • Posts: 540
Reply 2 on: Apr 19, 2019
Excellent

softEldritch

  • Member
  • Posts: 334
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

Did you know?

Thyroid conditions cause a higher risk of fibromyalgia and chronic fatigue syndrome.

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

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?

Aspirin is the most widely used drug in the world. It has even been recognized as such by the Guinness Book of World Records.

Bacteria exchange DNA by several processes Bacteria exchange DNA by several processes
Stars and the Interstellar Medium Stars and the Interstellar Medium
Adolescence is a key period for the development of lifelong interests and career paths. Adolescence is a key period for the development of lifelong interests and career paths.
Embryo and fetal development during weeks 1–25 of gestation. Embryo and fetal development during weeks 1–25 of gestation.
Kohlberg's Stages of Moral Development Kohlberg's Stages of Moral Development
Six-week embryo showing development of hand and foot plates Six-week embryo showing development of hand and foot plates
Video: ADH and the arterioles, kidneys, sweat glands and the Atrial natriuretic peptide (ANP)

For a complete list of videos, visit our video library