Author Question: The more specialized labor becomes, the: a. less likely it is that a double coincidence of wants ... (Read 88 times)

dollx

  • Hero Member
  • *****
  • Posts: 558
The more specialized labor becomes, the:
 a. less likely it is that a double coincidence of wants will exist, and the less likely it is that monetary exchange will develop.
  b. less likely it is that a double coincidence of wants will exist, and the more likely it is that monetary exchange will develop.
  c. more likely it is that a double coincidence of wants will exist, and the less likely it is that monetary exchange will develop.
  d. more likely it is that a double coincidence of wants will exist, and the more likely it is that monetary exchange will develop.
  e. more likely it is that the individual is producing only what he or she wants to consume.

Question 2

Which of the following can expand the production possibilities frontier?
 a. Improved patent laws
 b. Legal reforms that increase transaction costs
  c. Reductions in the length of patent protection
  d. Stringent tax laws for R&D companies
 e. The advent of a labor deepening technology



shoemake

  • Sr. Member
  • ****
  • Posts: 343
Answer to Question 1

b

Answer to Question 2

a



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

Asthma cases in Americans are about 75% higher today than they were in 1980.

Did you know?

According to the CDC, approximately 31.7% of the U.S. population has high low-density lipoprotein (LDL) or "bad cholesterol" levels.

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

Did you know?

Your heart beats over 36 million times a year.

Did you know?

The most destructive flu epidemic of all times in recorded history occurred in 1918, with approximately 20 million deaths worldwide.

For a complete list of videos, visit our video library