1. The use of money as a unit of account: a relies on the existence of a double coincidence of wants. b inhibits the exchange of goods and services. C d discourages specialization and division of labor. ● allows individuals to compare relative values of goods and services easily. e makes it difficult to compare the relative values of goods and services.

1. The use of money as a unit of account: a relies on the existence of a double coincidence of wants. b inhibits the exchange of goods and services. C d discourages specialization and division of labor. ● allows individuals to compare relative values of goods and services easily. e makes it difficult to compare the relative values of goods and services.

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter2: Thinking Like An Economist

Section: Chapter Questions

Problem 4QR

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