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Andru [333]
3 years ago
6

One function of money is to allow comparisons between goods. For example, it would be difficult to compare "apples to oranges" i

f we could not say that apples cost $1.59 per pound, while oranges cost $0.99 per pound.
SAT
2 answers:
cluponka [151]3 years ago
7 0

Answer:True

Explanation:

jeyben [28]3 years ago
7 0

Answer:

A) medium of exchange.

B) measure of value.

C) store of value.

D) bartered item.

The answer is B. measure of value

Explanation:

Money is a measure of value. It acts as a kind of yardstick to allow for comparisons between very different kinds of goods.

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One major barrier to entry under pure monopoly arises from the cost of the infrastructure that would be needed for production.

<h3>What is meant by barriers to entry?</h3>

This is the term that is used to show that the market structure is very difficult to break into.

This means that there would be only very few sellers of that particular product in the market.

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This term is used in economics to refer to the fact that a business or a firm would have grown to be so large in such a way that the costs per unit would have to rise.

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