« previous next »

Author Question: Compared to a barter economy, using money increases efficiency by reducing: a. transaction costs. ... (Read 57 times)

EY67

  • Hero Member
  • *****
  • Posts: 531
on: Jun 30, 2018
Compared to a barter economy, using money increases efficiency by reducing:
 a. transaction costs.
  b. the need to exchange goods.
  c. the need to specialize.
  d. inflation.

Question 2

When countries specialize, total world output increases, and, therefore, the potential for greater total world consumption also increases.
 a. True
  b. False
  Indicate whether the statement is true or false


lindahyatt42

  • Sr. Member
  • ****
  • Posts: 322
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

True


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Since 1988, the CDC has reported a 99% reduction in bacterial meningitis caused by Haemophilus influenzae, due to the introduction of the vaccine against it.

Did you know?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

Did you know?

The U.S. Pharmacopeia Medication Errors Reporting Program states that approximately 50% of all medication errors involve insulin.

Increasing Costs of Natural Disasters Increasing Costs of Natural Disasters
Weak valve springs will produce a normal reading at idle, but as engine speed increases, the needle ... Weak valve springs will produce a normal reading at idle, but as engine speed increases, the needle ...
PEPCK isozymes provide alternative routes to PEP and cytoplasmic reducing equivalents PEPCK isozymes provide alternative routes to PEP and cytoplasmic reducing equivalents
Fate of reducing equivalents derived from fatty acyl-CoA dehydrogenation Fate of reducing equivalents derived from fatty acyl-CoA dehydrogenation
Crossing over in prophase I increases genetic variation Crossing over in prophase I increases genetic variation
DNA and RNA compared DNA and RNA compared
Video: Digestive chemicals - types & enzymes

For a complete list of videos, visit our video library