What does the "double coincidence of wants" refer to?
"Double coincidence of wants" refers to an undesirable characteristic of barter economies. In an economy without money, trade can only occur if two people each have a good or service the other person wants.
You might also like to view...
Why may some investors prefer forward contracts to futures?
What will be an ideal response?
What is true of depletable resources is that
a. increasing scarcity leads to their total disappearance. b. they are depleted by gradually using up the supply of homogeneous resources, every unit of which is equally available. c. generally the most accessible and cheapest sources are used up so that new supplies become more costly. d. their prices must rise at the average rate of inflation.
"Budget deficits are inflationary." The truth of this statement depends on
a. aggregate demand in the economy. b. the shape of the aggregate supply curve. c. the size of the national debt. d. existing debt as a percentage of GDP.
Monetary policy is one of the two main macroeconomic tools governments use to control the aggregate economy. The other is:
A. trade policy. B. foreign policy. C. immigration policy. D. fiscal policy.