This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Because money eliminates the "double coincidence of wants" problem, the development of money as a ... (Read 43 times)

burchfield96

  • Hero Member
  • *****
  • Posts: 610
on: Apr 19, 2019

Question 1

Kyle wants to trade scuba lessons for surfing lessons. Ike wants to trade surfing lessons for scuba lessons. Kyle and Ike have


◦ a double incidence of demand.
◦ a double coincidence of wants.
◦ the basis for a double fiat exchange.
◦ the basis for a liquidity exchange.

Question 2

Because money eliminates the "double coincidence of wants" problem, the development of money as a ________ has facilitated the expansion of trade.


◦ unit of account
◦ store of value
◦ medium of exchange
◦ measure of value
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by burchfield96 on Apr 19, 2019

karmakat49

  • Sr. Member
  • ****
  • Posts: 369
Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 32% of students answer this correctly


burchfield96

  • Member
  • Posts: 610
Reply 2 on: Apr 19, 2019
Great answer, keep it coming :)

xthemafja

  • Member
  • Posts: 348
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Did you know?

One way to reduce acid reflux is to lose two or three pounds. Most people lose weight in the belly area first when they increase exercise, meaning that heartburn can be reduced quickly by this method.

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

The development of an ovary and a testis from the cortex and the medulla, respectively, of the ... The development of an ovary and a testis from the cortex and the medulla, respectively, of the ...
Social Development in Central Asia Social Development in Central Asia
How to solve an exponential decay problem involving first order decay How to solve an exponential decay problem involving first order decay
Fetal Development in the First Trimester Fetal Development in the First Trimester
Child Development: Principles and Perspectives Child Development: Principles and Perspectives
Trigonometry, Area Problem Trigonometry, Area Problem
Video: Osmosis - Isotonic, Hypotonic, and Hypertonic​ Solutions

For a complete list of videos, visit our video library