Question
In comparing the relative sizes of the income elasticity, interest rate, and price elasticity of the demand for money: a) Price > interest rate >
In comparing the relative sizes of the income elasticity, interest rate, and price elasticity of the demand for money:
a) Price > interest rate > income
b) Price > income > interest rate
c) Income > price > interest rate
d) none of the above
Trish cant make a deal with Rosemary. Trish has a Bob Gibson baseball card and would like to trade it to rosemary for Rosemary's Jacob DeGrom card, but rosemary doesn't want a Bob Gibson card. Trish's problem illustrates the drawback to a barter system known as:
a) the specialization problem
b) the double coincidence of wants problem
c) the many prices problem
d) the transactions problem
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