« previous next »

Author Question: How would a widespread adoption of credit cards affect the demand for money and the demand for money ... (Read 125 times)

Zulu123

  • Hero Member
  • *****
  • Posts: 525
on: Jun 29, 2018
How would a widespread adoption of credit cards affect the demand for money and the demand for money curve?
 
  What will be an ideal response?

Question 2

When producing a good creates pollution, an external cost, and the government imposes a tax equal to the marginal external cost, then
 
  A) the amount of output moves farther away from the efficient amount.
  B) transaction costs will be high.
  C) the efficient amount of the good will be produced.
  D) property rights must have already been established.


dudman123

  • Sr. Member
  • ****
  • Posts: 304
Reply #1 on: Jun 29, 2018
Answer to Question 1

The widespread adoption of credit cards decreases the demand for money and shifts the demand for money curve leftward.

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

Did you know?

Vampire bats have a natural anticoagulant in their saliva that permits continuous bleeding after they painlessly open a wound with their incisors. This capillary blood does not cause any significant blood loss to their victims.

Did you know?

Symptoms of kidney problems include a loss of appetite, back pain (which may be sudden and intense), chills, abdominal pain, fluid retention, nausea, the urge to urinate, vomiting, and fever.

Did you know?

Patients who have undergone chemotherapy for the treatment of cancer often complain of a lack of mental focus; memory loss; and a general diminution in abilities such as multitasking, attention span, and general mental agility.

Did you know?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

Romanian Adoptees’ Cognitive Abilities, by Age of Adoption The later the age of adoption, the lower Romanian Adoptees’ Cognitive Abilities, by Age of Adoption The later the age of adoption, the lower
Cards Used in a Socially Situated Version of the Problem-Solving Test Cards Used in a Socially Situated Version of the Problem-Solving Test
Students and Money Students and Money
Classic Supply - Demand Curve Classic Supply - Demand Curve
How long does exercise affect blood sugar? How long does exercise affect blood sugar?
Suppose a country imports televisions. The country's supply and demand curves are shown in ... Suppose a country imports televisions. The country's supply and demand curves are shown in ...
Video: Skin Cancer

For a complete list of videos, visit our video library