The figure given below represents the PPC in two nations - Germany and Korea, producing only two goods, cars and food.Figure 2.4
-Money exchanges are more efficient than barter because:
A) money exchanges do not require a double coincidence of wants.
B) the government guarantees the value of money.
C) money usually has an intrinsic value.
D) money is backed by a physical commodity.
E) opportunity costs are higher with barter trades.
Correct Answer:
Verified
Q4: The figure given below represents the PPC
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Q14: The figure given below represents the PPC
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