A general medium of exchange tends to A) reduce transaction ...

[segrsyd]

A general medium of exchange tends to
 
  A) reduce transaction costs.
  B) make bartering more effective.
  C) reduce the incentive to specialize and pursue one's comparative advantage.
  D) accomplish all of the above.
  E) accomplish none of the above.

Question 2

In a perfectly competitive market, all consumers:
 
  A) are price takers.
  B) set prices to compete in their market.
  C) have exactly the same demand schedules.
  D) have exactly the same tastes and preferences.

[Gabe]

Answer to Question 1

A

Answer to Question 2

A