« previous next »

Author Question: How would a widespread adoption of credit cards affect the demand for money and the demand for money ... (Read 122 times)

Zulu123

  • Hero Member
  • *****
  • Posts: 525
on: Jun 29, 2018
How would a widespread adoption of credit cards affect the demand for money and the demand for money curve?
 
  What will be an ideal response?

Question 2

When producing a good creates pollution, an external cost, and the government imposes a tax equal to the marginal external cost, then
 
  A) the amount of output moves farther away from the efficient amount.
  B) transaction costs will be high.
  C) the efficient amount of the good will be produced.
  D) property rights must have already been established.


dudman123

  • Sr. Member
  • ****
  • Posts: 304
Reply #1 on: Jun 29, 2018
Answer to Question 1

The widespread adoption of credit cards decreases the demand for money and shifts the demand for money curve leftward.

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Did you know?

Adult head lice are gray, about ? inch long, and often have a tiny dot on their backs. A female can lay between 50 and 150 eggs within the several weeks that she is alive. They feed on human blood.

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Did you know?

The cure for trichomoniasis is easy as long as the patient does not drink alcoholic beverages for 24 hours. Just a single dose of medication is needed to rid the body of the disease. However, without proper precautions, an individual may contract the disease repeatedly. In fact, most people develop trichomoniasis again within three months of their last treatment.

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

The population of Asia increases rapidly, the demand for food and water is also growing The population of Asia increases rapidly, the demand for food and water is also growing
The original Supply and Demand graph The original Supply and Demand graph
Genes, hormones, and activity affect weight Genes, hormones, and activity affect weight
Mishu wants to invest an inheritance of $20,000 for one year. His credit union offers 8.85% for ... Mishu wants to invest an inheritance of $20,000 for one year. His credit union offers 8.85% for ...
A debt payment of $7500 is due in 24 months. If money is worth 7.2% p.a. compounded quarterly, ... A debt payment of $7500 is due in 24 months. If money is worth 7.2% p.a. compounded quarterly, ...
Determine m​, ​n, and i for money invested at 3.6​% compounded semi-annually for 3.5 ... Determine m​, ​n, and i for money invested at 3.6​% compounded semi-annually for 3.5 ...
Video: Carbon fixing adaptations Animation

For a complete list of videos, visit our video library