The Figure Given Below Represents the PPC in Two Nations

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:

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