This topic contains a solution. Click here to go to the answer

Author Question: The use of money as a unit of account: a. discourages specialization and division of labor. b. ... (Read 67 times)

MirandaLo

  • Hero Member
  • *****
  • Posts: 538
The use of money as a unit of account:
 a. discourages specialization and division of labor.
  b. inhibits the exchange of goods and services.
  c. makes it difficult to compare the relative values of goods and services.
  d. lowers information costs relative to barter.
  e. relies on the existence of a double coincidence of wants.

Question 2

When a surplus exists in a market, sellers
 a. raise price, which increases quantity demanded and decreases quantity supplied, until the surplus is eliminated.
  b. raise price, which decreases quantity demanded and increases quantity supplied, until the surplus is eliminated.
  c. lower price, which increases quantity demanded and decreases quantity supplied, until the surplus is eliminated.
  d. lower price, which decreases quantity demanded and increases quantity supplied, until the surplus is eliminated.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jasonq

  • Sr. Member
  • ****
  • Posts: 335
Answer to Question 1

d

Answer to Question 2

c




MirandaLo

  • Member
  • Posts: 538
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)


Bigfoot1984

  • Member
  • Posts: 321
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

Did you know?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

For a complete list of videos, visit our video library