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Author Question: Because money eliminates the "double coincidence of wants" problem, the development of money as a ... (Read 42 times)

burchfield96

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on: Apr 19, 2019

Question 1

Kyle wants to trade scuba lessons for surfing lessons. Ike wants to trade surfing lessons for scuba lessons. Kyle and Ike have


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

Question 2

Because money eliminates the "double coincidence of wants" problem, the development of money as a ________ has facilitated the expansion of trade.


◦ unit of account
◦ store of value
◦ medium of exchange
◦ measure of value
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by burchfield96 on Apr 19, 2019

karmakat49

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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.
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burchfield96

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Reply 2 on: Apr 19, 2019
Great answer, keep it coming :)

dreamfighter72

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Reply 3 on: Yesterday
Excellent

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