The use of money

A. reduces the transaction costs of exchange
B. eliminates the double coincidence of wants
C. Allows for greater specialization
D. All of the above

Ans: D. All of the above

Economics

You might also like to view...

Goods known as substitutes increase the use of another good.

a. true b. false

View
Economics

If demand is unit elastic, then a 10 percent increase in the price will lead to a 10 percent increase in quantity demanded.

Answer the following statement true (T) or false (F)

View
Economics