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The first DB question this week is twofold. First of all discuss why the standard of...

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Economics

The first DB question this week is twofold. First of all discusswhy the standard of living is likely to be higher in a moneyeconomy than in a barter economy. Secondly, discuss whether notcredit cards qualify as money in our economy

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STANDARD OF LIVING IS HIGHER IN MONEY ECONOMY THAN IN BARTER ECONOMY BECAUSE MONEY IS A MEDIUM OF EXCHANGE THAT IS READILY ACCEPTED TO FULFILL DEMANDS AND ACHEVE SATISFACTION AT THE POINT IN TIME ITSELF WHILE IN BARTER SYSTEM ONE HAS TO FIND THE PERSON WHO IS READY TO BARTER FOR THE PRODUCT THAT EACH PARTY WANTS IN BARTER SYSTEM ONE HAS TO BARTER ON THE VALUE    See Answer
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