« previous next »

Author Question: Would the use of money, as opposed to barter, increase the growth rate of real GDP in a country over ... (Read 85 times)

Diane

  • Hero Member
  • *****
  • Posts: 576
on: Jun 29, 2018
Would the use of money, as opposed to barter, increase the growth rate of real GDP in a country over time? Why or why not?
 
  What will be an ideal response?

Question 2

Identify two ways by which the government controls monopolies?
 
  What will be an ideal response?
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


mammy1697

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jun 29, 2018
Answer to Question 1

Yes, because money makes exchanges easier and increases specialization. Greater specialization raises productivity, which increases the growth rate of real GDP.

Answer to Question 2

The government control monopolies by enforcing antitrust laws and through economic regulation of natural monopolies.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Did you know?

Human stomach acid is strong enough to dissolve small pieces of metal such as razor blades or staples.

Did you know?

Sildenafil (Viagra®) has two actions that may be of consequence in patients with heart disease. It can lower the blood pressure, and it can interact with nitrates. It should never be used in patients who are taking nitrates.

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

Growth and development milestones. Growth and development milestones.
Growth in Warm Clouds Growth in Warm Clouds
Policies on fertility and population growth Policies on fertility and population growth
IPCC models are based on projections of growth IPCC models are based on projections of growth
Factors that Increase Cardiac Output Factors that Increase Cardiac Output
A bus starts from restat a station and accelerates at a rate of 2 m/s^2 for 15 seconds. It then runs A bus starts from restat a station and accelerates at a rate of 2 m/s^2 for 15 seconds. It then runs
Video: Cardiac Cycle (Part 4 of 4)

For a complete list of videos, visit our video library