Author Question: An economy using money is more efficient that a barter economy because the use of money reduces the ... (Read 77 times)

rmenurse

  • Hero Member
  • *****
  • Posts: 513
An economy using money is more efficient that a barter economy because the use of money reduces the time spent searching for trading partners with a coincidence of wants and therefore more time can be spent producing goods and services.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

A market system does not operate based on self-interest.
 a. True
  b. False
  Indicate whether the statement is true or false



maya.nigrin17@yahoo.com

  • Sr. Member
  • ****
  • Posts: 324
Answer to Question 1

True

Answer to Question 2

False



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Medication errors are three times higher among children and infants than with adults.

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

Did you know?

In 1864, the first barbiturate (barbituric acid) was synthesized.

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.

For a complete list of videos, visit our video library