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1.4 Production, costs and revenue

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Question 38

The function of money as a unit of account enables an economy to

overcome the requirement for a double coincidence of wants.

compare the relative value of different goods and services easily.

maintain its purchasing power during periods of high inflation.

operate at a point outside its production possibility frontier.

1.4 Production, costs and revenue Questions

  1. A Level
  2. /Economics
  3. /1.4 Production, costs and revenue