As an economy produces more different types of goods:
A) it is more difficult to quote prices if the economy does not use money.
B) the number of relative prices decreases.
C) money becomes less useful as a unit of account.
D) money becomes less useful as a standard of value.
Correct Answer:
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Q1: A society without any money:
A) could never
Q2: In a barter system people:
A) have to
Q3: How many prices would a trader of
Q5: While money is an asset not all
Q6: Suppose that in a barter economy Tom
Q7: The unit of account characteristic of money:
A)
Q8: Specialization usually increases the output of a
Q9: The high transaction costs associated with a
Q10: Without the use of money, workers in
Q11: Which of the following would not be
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