Which of the Following Statements Is False

question 21

Multiple Choice

Which of the following statements is false?

• A) Money is the only good that can (or does)serve as a store of value.
• B) In a barter economy,there is no good that serves as a unit of account.
• C) There are higher transaction costs of making exchanges in a barter economy than in a money economy.
• D) Money functions as a medium of exchange,unit of account,and store of value.

---

Definitions:

Price Fix

A practice where businesses agree to set the price of a product or service at a certain level, often illegally, to avoid competition.

CEOs Collude

This term refers to illegal or unethical agreements between CEOs of different firms to make decisions that restrict competition, manipulate prices, or control market entry.

Oligopolists

Firms operating in a market where a small number of entities control a large portion of the market share, influencing prices and competition.

Cooperative Agreement

A collaborative arrangement between two or more parties to jointly achieve specific goals, often in business or research.