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Author Question: Would the use of money, as opposed to barter, increase the growth rate of real GDP in a country over ... (Read 98 times)

Diane

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on: Jun 29, 2018
Would the use of money, as opposed to barter, increase the growth rate of real GDP in a country over time? Why or why not?
 
  What will be an ideal response?

Question 2

Identify two ways by which the government controls monopolies?
 
  What will be an ideal response?
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mammy1697

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Reply #1 on: Jun 29, 2018
Answer to Question 1

Yes, because money makes exchanges easier and increases specialization. Greater specialization raises productivity, which increases the growth rate of real GDP.

Answer to Question 2

The government control monopolies by enforcing antitrust laws and through economic regulation of natural monopolies.


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