Author Question: How would a widespread adoption of credit cards affect the demand for money and the demand for money ... (Read 121 times)

Zulu123

  • Hero Member
  • *****
  • Posts: 525
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
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
 

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Did you know?

Bacteria have been found alive in a lake buried one half mile under ice in Antarctica.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

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

Did you know?

Vaccines cause herd immunity. If the majority of people in a community have been vaccinated against a disease, an unvaccinated person is less likely to get the disease since others are less likely to become sick from it and spread the disease.

For a complete list of videos, visit our video library