Without an accepted medium of exchange
A) people would have to rely on gold or silver in order to exchange goods and services.
B) goods and services would be exchanged by barter.
C) prices are very difficult to determine.
D) there would be no trade.
B
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Both demand and supply curves usually have positive slopes.
Answer the following statement true (T) or false (F)
Explain why there is an active market for cola-flavored soft drinks in the United States but there is not an active market for sauerkraut-flavored soft drinks
What will be an ideal response?
Using the Keynesian model, the effect of a decrease in the effective tax rate on capital would be to cause ________ in the real interest rate and ________ in output in the short run
A) a decrease; a decrease B) a decrease; no change C) an increase; an increase D) no change; a decrease
For endangered species, the federal government
A) can only protect the animal on federal property because of common property issues. B) has the right to regulate activities on private land to save the species from extinction. C) turns over the protection of an endangered species to the state authorities where the species lives. D) will capture a pair of animals so that the species does not become extinct.