Sec_All_Short_Answer_and_Essay_Ch_29_

《Sec_All_Short_Answer_and_Essay_Ch_29_》由会员上传分享，免费在线阅读，更多相关内容在学术论文-天天文库。

1、SubjectiveShortAnswer1. Whatdoesthe“doublecoincidenceofwants”referto?ANSWER:  “Doublecoincidenceofwants”referstoanundesirablecharacteristicofbartereconomies.Inaneconomywithoutmoney,tradecanonlyoccuriftwopeopleeachhaveagoodorservicetheotherpersonwants.POINTS:  1DIFFICULTY:

2、  ModerateLEARNING OBJECTIVES:  ECON.MANK.012-Applybasic,economicprinciplesofindividualdecisionmakingthatdeterminehowaneconomygenerallyworks.NATIONAL STANDARDS:  UnitedStates-BUSPROG:AnalyticTOPICS:  MoneyKEYWORDS:  BLOOM'S:KnowledgeDATE CREATED:  9/19/20161:35PMDATE MODI

3、FIED:  9/21/20163:54PMCUSTOM ID:  001.29-SAE-MANK082. Theexistenceofmoneymakestradeeasier.Howisitthatmoneycanalsoincreasethestandardofliving?ANSWER:  Theexistenceofmoneymeanstheeconomydoesnothavetorelyonbarterfortrade.Thisallowspeopletospecializeinproduction,increasingpro

4、ductivity,leadingtoanincreaseintheamountofgoodsandservicespeoplecanpurchase.POINTS:  1DIFFICULTY:  ChallengingLEARNING OBJECTIVES:  ECON.MANK.226-Givenascenario,identifywhichroleofmoneyisbeingexploited.NATIONAL STANDARDS:  UnitedStates-BUSPROG:AnalyticTOPICS:  MoneyKEYWOR

5、DS:  BLOOM'S:ApplicationDATE CREATED:  9/19/20161:35PMDATE MODIFIED:  9/21/20163:54PMCUSTOM ID:  002.29-SAE-MANK083. Theeasewithwhichanassetcanbeconvertedintotheeconomy’smediumofexchangeisknownas_____.ANSWER:  liquidityPOINTS:  1DIFFICULTY:  EasyLEARNING OBJECTIVES:  ECON

6、.MANK.226-Givenascenario,identifywhichroleofmoneyisbeingexploited.NATIONAL STANDARDS:  UnitedStates-BUSPROG:AnalyticTOPICS:  MoneyLiquidityKEYWORDS:  BLOOM'S:KnowledgeDATE CREATED:  9/19/20161:35PMDATE MODIFIED:  9/21/20163:54PMCUSTOM ID:  003.29-SAE-MANK084. Whatarethefu

7、nctionsofmoney?CopyrightCengageLearning.PoweredbyCognero.Page 25ANSWER:  Mediumofexchange,storeofvalue,andunitofaccountPOINTS:  1DIFFICULTY:  EasyLEARNING OBJECTIVES:  ECON.MANK.226-Givenascenario,identifywhichroleofmoneyisbeingexploited.NATIONAL STANDARDS:  UnitedStates-

8、BUSPROG:AnalyticTOPICS:  MoneyKEYWORDS:  BLOOM'S:KnowledgeDATE CREATED:  9/19/20161:35PMDATE MOD