This topic contains a solution. Click here to go to the answer

Author Question: Using money as a medium of exchange: a. requires people to match goods wanted with goods available. ... (Read 75 times)

swpotter12

  • Hero Member
  • *****
  • Posts: 527
Using money as a medium of exchange:
 a. requires people to match goods wanted with goods available.
  b. inhibits economic transactions.
  c. reduces the need for barter in the economy.
  d. reduces the need for a banking system.
  e. reduces the range of feasible exchanges in the economy.

Question 2

The current price of wheat is 10 per bushel, but the equilibrium price of wheat is 5 per bushel. As a result,
 a. the quantity supplied of wheat exceeds the quantity demanded of wheat at 10 per bushel.
  b. the equilibrium quantity of wheat exceeds the quantity demanded at the 10 price.
 c. there is a surplus of wheat at the 10 price.
 d. All of the above are correct.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

janieazgirl

  • Sr. Member
  • ****
  • Posts: 300
Answer to Question 1

c

Answer to Question 2

d




swpotter12

  • Member
  • Posts: 527
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review


raili21

  • Member
  • Posts: 324
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

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?

Tobacco depletes the body of vitamins A, C, and E, which can result in any of the following: dry hair, dry skin, dry eyes, poor growth, night blindness, abscesses, insomnia, fatigue, reproductive system problems, sinusitis, pneumonia, frequent respiratory problems, skin disorders, weight loss, rickets, osteomalacia, nervousness, muscle spasms, leg cramps, extremity numbness, bone malformations, decayed teeth, difficulty in walking, irritability, restlessness, profuse sweating, increased uric acid (gout), joint damage, damaged red blood cells, destruction of nerves, infertility, miscarriage, and many types of cancer.

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

Did you know?

Computer programs are available that crosscheck a new drug's possible trade name with all other trade names currently available. These programs detect dangerous similarities between names and alert the manufacturer of the drug.

For a complete list of videos, visit our video library