It is not possible to have an absolute advantage in producing a good or service without having a comparative advantage

The essential difference between paper money and coins as forms of money is that

A) paper money serves as a unit of account while coins do not. B) the metallic content of coins makes them more acceptable as money. C) paper is paper and not metal. The metal is more durable. D) paper money issued by the Federal Reserve Board is backed by gold while coins are not.

The problem with inflation is that as prices rise, consumers can no longer afford to buy as many goods and services

Indicate whether the statement is true or false