Boulders, Building Trusses, and Lead Ingots Would Not Make Good

question 48

Multiple Choice

Boulders, building trusses, and lead ingots would not make good mediums of exchange because they lack the key characteristic of:

• A)portability
• B)durability
• C)divisibility
• D)scarcity
• E)compatibility

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Definitions:

Social Interest

The welfare or well-being of the general public and society as a whole, often considered in economic and policy decisions.

Consumer Sovereignty

The idea that consumers' preferences and choices dictate the types and quantities of goods and services produced by an economy.

Producer Decisions

The selections made by firms regarding the production of goods or services, including what, how, and for whom to produce.

Consumer Demands

The desire, willingness, and ability of consumers to purchase goods and services at various price levels.