The use of money as a medium of exchange I. lowers transaction costs. II. permits more specialization
A) I only
B) II only
C) Neither I nor II
D) Both I and II
D
Economics
You might also like to view...
Naturally occurring diamonds are an example of
A) land. B) labor. C) physical capital. D) human capital.
Economics
Refer to Horizontal Merger. The result of the merger is
a. a decrease in marginal costs. b. an increase in the quantity supplied. c. a decrease in the price. d. an increase in consumer surplus.
Economics