The use of commodity money
a. has a high opportunity cost.
b. does not provide an adequate unit of account.
c. creates a mutual coincidence of wants problem.
d. creates inflation.
e. All of the above.
a. has a high opportunity cost.
You might also like to view...
Unions have been protected since 1935 by a federal law, the National Labor Relations Act (NLRA), which contains provisions for
(a) elections by workers to choose their bargaining agents. (b) employers' recognition of union bargaining agents in interstate commerce for union representation and collective bargaining purposes. (c) arbitration of disputes that cannot be resolved through bargaining. (d) all of the above.
When government inefficiencies exist
A) a country tends to grow at a slower rate. B) a country tends to grow at a faster rate. C) economic growth is not influenced. D) dead capital is usually not a problem.