In a barter economy with "n'' number of goods there will always be:
A. fewer than "n'' relative prices.
B. "n''/2 relative prices.
C. exactly "n'' relative prices.
D. more than "n'' relative prices.
Answer: D
You might also like to view...
The opportunity costs of land is largely determined by
A) need. B) real estate agents. C) demand. D) government.
Which of the following statements concerning seasonal credit is true?
A) It tends to have a lower interest rate than federal funds. B) It has become increasingly more important in recent years. C) Only firms receiving secondary credit are eligible to receive seasonal credit. D) Improvements in credit markets have reduced the need for a seasonal credit facility.
Economics tells us which resource allocations are preferable.
Answer the following statement true (T) or false (F)
Oligopolistic firms
A. are few in number. B. are interdependent. C. charge a higher price and produce a smaller output than perfect competitors. D. all of the choices are true of oligopolistic firms.