One characteristic of houses that makes them unsuitable as a medium of exchange is that they are not easily divisible.
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Q1: Exchange is necessary in an economy if:
A)output
Q19: Under a system of barter,
A)no rates of
Q20: Specialization of labor means that
A)production requires a
Q21: Suppose that corn is the unit of
Q22: The unit of account function of money
A)all
Q23: In order for something to be used
Q25: Gresham's Law states that people
A)sell goods for
Q26: Which type of money has the lowest
Q27: If people use quartz as a medium
Q28: One characteristic of houses that makes them
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