Money facilitates trade because it:
A. requires carrying other goods around for barter.
B. does not require a double coincidence of wants among individuals.
C. requires a double coincidence of wants among individuals.
D. does not require a medium of exchange.
Answer: B
You might also like to view...
The NAAQS
a. are set using benefit-cost analysis b. are established using a benefit-based decision rule c. achieve efficient levels of abatement for the criteria pollutants d. both (a) and (c) are correct
Southern agriculture differed markedly from agriculture in the rest of the country before the Civil War in each of these respects EXCEPT
A. it had, on the average, larger farms. B. it had slavery. C. it had different major crops. D. it had more subsistence farming.
By using more labor to produce more output, a firm can always reduce its
A) marginal cost. B) average variable cost. C) average total cost. D) average fixed cost.
Which of the following statements is true?
a. World trade as a fraction of world GDP is much less than it was at the end of the 19th century. b. War decreases the pace of globalization. c. Large countries such as the U.S., Russia, and Japan have high scores in economic integration when measured against the criteria of Foreign Policy magazine. d. Poor countries tend to have high scores in the personal contact area when measured against the criteria of Foreign Policy magazine. e. The U.S. increased its international investments after the September 11, 2001 terrorist attacks to revive their economy.