Multiple Choice
As opposed to a payments system based on barter,a payments system based on money
A) requires a double coincidence of wants.
B) leads to less specialization.
C) makes trades less costly.
D) None of the above is correct.
Correct Answer:
Verified
Correct Answer:
Verified
Q6: David and Asher buy the same pair
Q7: The existence of money<br>A)reduces specialization.<br>B)makes trade easier.<br>C)allows
Q8: Consider the following traders who meet.<br><img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg"
Q9: Consider four survivors on an island.<br><img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg"
Q10: Money<br>A)is more efficient than barter.<br>B)makes trades easier.<br>C)allows
Q12: Consider five individuals with different occupations.<br><img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg"
Q13: Consider five individuals with different <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg"
Q14: Diana tutors Tiago for two hours before
Q15: In an economy that relies upon barter,<br>A)trade
Q16: You use U.S.currency to pay the owner