The Figure Given Below Represents the PPC in Two Nations

question 62

Multiple Choice

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.

---

Definitions:

Electrocardiogram

A test that measures the electrical activity of the heartbeat to assess heart health and detect abnormalities.

Standard Abbreviation

A universally recognized shortened form of a word or phrase.

EG

An abbreviation often meaning "for example," used to introduce examples or instances of something mentioned.

Underbooking

Leaving large, unused gaps in the doctor’s schedule; this approach does not make the best use of the doctor’s time.