Indicate whether each of the following statements is True or False. In each case, give a brief explanation for your choice. Q.1.1 Technology is always treated as a factor of production in economic theory. Q.1.2 An important aspect of using money in an economy is that the process of exchange, can take place without worrying about there being a double coincidence of wants. Q.1.3 It is common knowledge that debit cards and cheques are perfect substitutes for money.

Indicate whether each of the following statements is True or False. In each case, give a brief explanation for your choice. Q.1.1 Technology is always treated as a factor of production in economic theory. Q.1.2 An important aspect of using money in an economy is that the process of exchange, can take place without worrying about there being a double coincidence of wants. Q.1.3 It is common knowledge that debit cards and cheques are perfect substitutes for money.

Economics For Today

10th Edition

ISBN:9781337613040

Author:Tucker

Publisher:Tucker

Chapter26: Monetary Policy

Section: Chapter Questions

Problem 2SQP

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