Which of the following is true if a nation's official money fails to serve as a medium of exchange?
a. Nothing will replace money to help facilitate exchange.
b. There will be an increase in economic efficiency
c. Resources will divert from production to exchange.
d. Transactions costs of exchange will decrease.
e. Fewer barter exchanges will be completed.
c
Economics
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Government price controls make communication of information between buyers and sellers more effective
a. True b. False Indicate whether the statement is true or false
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One of the first issuances of stock was offered by the:
A. South Seas Company. B. East India Company. C. North Seas Company. D. Apple Company.
Economics