« previous next »

Author Question: How would a widespread adoption of credit cards affect the demand for money and the demand for money ... (Read 48 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?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

The newest statin drug, rosuvastatin, has been called a superstatin because it appears to reduce LDL cholesterol to a greater degree than the other approved statin drugs.

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

Booker T. Washington in his office at Tuskegee Institute, 1900. Washington chose a policy of accommo Booker T. Washington in his office at Tuskegee Institute, 1900. Washington chose a policy of accommo
Physical features of Sjögren's syndrome. Source: Ways Sjogren's Syndrome May Affect the ... Physical features of Sjögren's syndrome. Source: Ways Sjogren's Syndrome May Affect the ...
Marginal Supply - Demand Curve Marginal Supply - Demand Curve
The population of Asia increases rapidly, the demand for food and water is also growing The population of Asia increases rapidly, the demand for food and water is also growing
Economic recession in 2008 saw a small decrease in demand Economic recession in 2008 saw a small decrease in demand
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: Role of the respiratory system - effect of altered ventilation rates

For a complete list of videos, visit our video library