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

Author Question: The use of money as a unit of account: a. discourages specialization and division of labor. b. ... (Read 93 times)

MirandaLo

  • Hero Member
  • *****
  • Posts: 538
The use of money as a unit of account:
 a. discourages specialization and division of labor.
  b. inhibits the exchange of goods and services.
  c. makes it difficult to compare the relative values of goods and services.
  d. lowers information costs relative to barter.
  e. relies on the existence of a double coincidence of wants.

Question 2

When a surplus exists in a market, sellers
 a. raise price, which increases quantity demanded and decreases quantity supplied, until the surplus is eliminated.
  b. raise price, which decreases quantity demanded and increases quantity supplied, until the surplus is eliminated.
  c. lower price, which increases quantity demanded and decreases quantity supplied, until the surplus is eliminated.
  d. lower price, which decreases quantity demanded and increases quantity supplied, until the surplus is eliminated.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jasonq

  • Sr. Member
  • ****
  • Posts: 335
Answer to Question 1

d

Answer to Question 2

c




MirandaLo

  • Member
  • Posts: 538
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)


Dinolord

  • Member
  • Posts: 313
Reply 3 on: Yesterday
Gracias!

 

Did you know?

Nitroglycerin is used to alleviate various heart-related conditions, and it is also the chief component of dynamite (but mixed in a solid clay base to stabilize it).

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

Did you know?

No drugs are available to relieve parathyroid disease. Parathyroid disease is caused by a parathyroid tumor, and it needs to be removed by surgery.

Did you know?

To prove that stomach ulcers were caused by bacteria and not by stress, a researcher consumed an entire laboratory beaker full of bacterial culture. After this, he did indeed develop stomach ulcers, and won the Nobel Prize for his discovery.

Did you know?

Anti-aging claims should not ever be believed. There is no supplement, medication, or any other substance that has been proven to slow or stop the aging process.

For a complete list of videos, visit our video library