What was not a problem with using commodity money in the US colonies prior to 1700?
a. Very few people were willing to accept commodities as payment.
b. Commodity spoilage rates were high.
c. Controlling the quality of payments made with commodities.
d. High storage costs of commodities.
a. Very few people were willing to accept commodities as payment.
Economics
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Examining data on cyclical unemployment plotted against unanticipated inflation shows
A) a positive relationship. B) a negative relationship. C) no significant relationship. D) a relationship only during the 1960s.
Economics
Increases in long-run average cost that result from output increases is
A) the law of diminishing marginal product. B) economies of scale. C) constant returns to scale. D) diseconomies of scale.
Economics