Compared to a barter economy, an economy that uses money will
A. have more output.
B. have more corruption.
C. be poorer.
D. be greedier.
Answer: A
You might also like to view...
List five types of barriers to entry
What will be an ideal response?
Saving represents
A) a source of funds for business investment. B) a normal part of the circular flow of income and output. C) an injection to the circular flow of income and output. D) a counter-example to Say's law that the classical economists never considered.
Define the following terms and explain their importance to the study of economics. a. marginal cost b. marginal revenue c. short-run equilibrium d. supply curve of the firm e. economic profit
What will be an ideal response?
When economists say investment is autonomous, they mean that investment is independent of the level of saving
a. True b. False Indicate whether the statement is true or false