Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Assessment 7 (Due: 5:10pm, 7 Nov (Fri)) Submit via WebCT!!! 1) commodity money is A A) good used as money that has no secondary use. a B) good that is designated as money by law. a C) good used as money that also has value independent of its use as money. a D) good used as money that has no intrinsic value. a 2) y making exchange ________, money allows for ________ and higher ________. B A) arder; specialization; costs h B) asier; specialization; productivity e C) arder; generalization; productivity h D) asier; specialization; costs e 3) hen a grocery store accepts your $5 bill in exchange for bread a...
View Full Document

This note was uploaded on 04/22/2010 for the course ECONOMICS ECON1002 taught by Professor None during the Spring '10 term at Hong Kong Institute of Vocational Education.

Ask a homework question - tutors are online