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

Author Question: Which of the following is true if a nation's official money fails to serve as a medium of exchange? ... (Read 110 times)

ENagel

  • Hero Member
  • *****
  • Posts: 540
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
Answer to Question 1

c

Answer to Question 2

c




ENagel

  • Member
  • Posts: 540
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it


shewald78

  • Member
  • Posts: 340
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

The cure for trichomoniasis is easy as long as the patient does not drink alcoholic beverages for 24 hours. Just a single dose of medication is needed to rid the body of the disease. However, without proper precautions, an individual may contract the disease repeatedly. In fact, most people develop trichomoniasis again within three months of their last treatment.

Did you know?

Barbituric acid, the base material of barbiturates, was first synthesized in 1863 by Adolph von Bayer. His company later went on to synthesize aspirin for the first time, and Bayer aspirin is still a popular brand today.

Did you know?

To combat osteoporosis, changes in lifestyle and diet are recommended. At-risk patients should include 1,200 to 1,500 mg of calcium daily either via dietary means or with supplements.

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?

About 100 new prescription or over-the-counter drugs come into the U.S. market every year.

For a complete list of videos, visit our video library