This preview shows page 1. Sign up to view the full content.
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.
- Spring '10