WhatMakesGoodMoney?
Agoodmediumofexchangeshouldhavethefollowingcharacteristics:
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Easilyrecognizableandreadilyacceptable
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Highvaluerelativetoweight
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Divisible
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Du...
Considerthecontributionofaloafofbreadtoourmeasureofproduction
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Thisincludesthesaleofwheattothemill,thesaleofourtothebaker,andnallythesaleofbreadtotheconsumer
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Ifwe...
IntrotoEconomicsLectureNotes
LannyZrill
September17,2012
WhatisEconomics?
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TextbookDenition
Thestudyoftheuseofscarceresourcestosatisfyunlimitedhumanwants
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Preferre...