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Answer to Question #108111 in Macroeconomics for meera
Question #108111
which of the following statements are true?
a) there is no need for money in traditional economy
b)money is the pillar stone of the price mechanism
c)in a mixed economy money is of only limited importance
d) in the socialist system money is seen as an evil because it facilitated accumulation of wealth.
a) there is no need for money in traditional economy
b)money is the pillar stone of the price mechanism
c)in a mixed economy money is of only limited importance
d) in the socialist system money is seen as an evil because it facilitated accumulation of wealth.
Expert's answer
b,d
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