This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following is true if a nation's official money fails to serve as a medium of exchange? ... (Read 76 times)

ENagel

  • Hero Member
  • *****
  • Posts: 540
on: Jun 30, 2018
Which of the following is true if a nation's official money fails to serve as a medium of exchange?
 a. Nothing will replace money to help facilitate exchange.
  b. There will be an increase in economic efficiency.
 c. Resources will divert from production to exchange.
 d. Transactions costs of exchange will decrease.
 e. Fewer barter exchanges will be completed.

Question 2

Which of the following is most likely to increase productivity growth, as measured using GDP statistics?
 a. Reduced capital formation
 b. Decreased human capital
 c. Increased research and development
  d. Increased government regulation
 e. Higher price of a raw material


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

dyrone

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

c

Answer to Question 2

c


ENagel

  • Member
  • Posts: 540
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

flexer1n1

  • Member
  • Posts: 373
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

Did you know?

The toxic levels for lithium carbonate are close to the therapeutic levels. Signs of toxicity include fine hand tremor, polyuria, mild thirst, nausea, general discomfort, diarrhea, vomiting, drowsiness, muscular weakness, lack of coordination, ataxia, giddiness, tinnitus, and blurred vision.

Did you know?

The term bacteria was devised in the 19th century by German biologist Ferdinand Cohn. He based it on the Greek word "bakterion" meaning a small rod or staff. Cohn is considered to be the father of modern bacteriology.

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

Regulation of heat exchange in the skin. Regulation of heat exchange in the skin.
The Cure - Lovesong (Official Video) The Cure - Lovesong (Official Video)
John Lewis Krimmel’s painting of the Fourth of July in Centre Square Philadelphia (1812) shows the d John Lewis Krimmel’s painting of the Fourth of July in Centre Square Philadelphia (1812) shows the d
The RecA strand exchange reaction as shown from single-molecule studies The RecA strand exchange reaction as shown from single-molecule studies
Prozzak - Sucks to Be You (Official Video) Prozzak - Sucks to Be You (Official Video)
Main mechanism of carbon dioxide transport and exchange. A lesser amount of CO2 travels to the lungs Main mechanism of carbon dioxide transport and exchange. A lesser amount of CO2 travels to the lungs
Video: Definition of heart rate

For a complete list of videos, visit our video library