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 87 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
Great answer, keep it coming :)

samiel-sayed

  • Member
  • Posts: 337
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

Did you know?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

Did you know?

Drugs are in development that may cure asthma and hay fever once and for all. They target leukotrienes, which are known to cause tightening of the air passages in the lungs and increase mucus productions in nasal passages.

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

Did you know?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

Overview of gas exchange between the environment, blood, and cells. Overview of gas exchange between the environment, blood, and cells.
From left to right: Size development, biometrical changes in the cranium, reduction of toes ... From left to right: Size development, biometrical changes in the cranium, reduction of toes ...
Repeat expansion Repeat expansion
Cloud Types: Vertical Development Cloud Types: Vertical Development
Cloud Types: Vertical Development Cloud Types: Vertical Development
Transatlantic Slave Trade Transatlantic Slave Trade
Video: Rh blood type and complications during pregnancy & Fertilization

For a complete list of videos, visit our video library