Posted: November 2nd, 2015

Economics

Economics

Explain how value can be created simply by exchange even when nothing new is

produced? [This is true for a monetary and for a barter economy].
Explain how competitive privately issued currencies would work automatically to

provide consumers with protection against inflation?
Would interest exist in a pure exchange economy where no production occurred?

Explain.
Briefly contrast the static and dynamic views of monopoly and the policies

appropriate for each.

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