Using money as a medium of exchange:
a. requires people to match goods wanted with goods available.
b. inhibits economic transactions.
c. reduces the need for barter in the economy.
d. reduces the need for a banking system.
e. reduces the range of feasible exchanges in the economy.
c
Economics
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Which of the following is NOT a consumption good?
A) a U.S. government bond B) a UPS truck C) Nike swimming trunks D) a Subway sandwich E) marriage counseling services
Economics
The measure of market power that focuses on the share of the market controlled by the X largest firms in the market is known as:
A) the Lerner Index. B) the Herfindahl-Hirschman Index. C) the Minimum-Efficient Scale Index. D) a concentration ratio.
Economics