The requirement for a double coincidence of wants occurs when
A. a system of barter is used.
B. there is deflation.
C. there is inflation.
D. the medium of exchange is liquid.
Answer: A
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The year in which euro coins and paper currency were introduced and participating "euro zone" countries withdrew old domestic currencies from circulation was
A) 2007. B) 2002. C) 1999. D) 1995.
The effects of tax incentive programs such as IRAs and 401(k) accounts suggest that these government programs designed to increase saving lead to ________ in the private capital stock
A) virtually no change B) a slight decrease C) a slight increase D) a significant increase
The theory of consumer choice illustrates the
a. importance of property rights in creating efficient markets. b. ability of a single economic actor to have a substantial influence on market prices. c. the trade-offs that people face in their role as purchasers. d. All of the above are correct.
Other things equal, an increase in the equilibrium interest rate will:
A. increase R&D spending. B. rise when the supply of loanable funds increases. C. decrease purchases of capital goods and reduce R&D spending. D. increase bank lending.