An example of barter is voluntary work at an old-age home

a. True
b. False
Indicate whether the statement is true or false


False

Economics

You might also like to view...

In the Solow growth model, the law of motion of capital takes into account

A) the residential nature of houses. B) the mobility of capital. C) the depreciation of old capital. D) the cost of shipping and installing capital.

Economics

Each point along the market demand curve shows

a. the quantity of the good that firms would be willing and able to supply at a specific price b. the relationship between the price of the good and total quantity demanded at a series of prices c. the opportunity cost of supplying a given quantity of goods to the market d. the quantity of the good that consumers would be willing and able to purchase at a specific price e. how population changes affect the quantity demanded at a specific price

Economics

Generally, if a nation imposes a tariff on imports,

a. part of the tax is paid by foreign exporters. b. the entire tax is paid by foreign exporters. c. none of the tax is paid by foreign exporters. d. the tax has no impact on the profits of foreign exporters.

Economics

You are trying to decide how to spend your last lunch dollar. You should use that dollar to buy more of the item:

A. that gives you the highest marginal utility per dollar. B. that costs the least. C. that gives you the highest average utility per dollar. D. from which you already have gained the greatest total utility.

Economics