It is absolutely necessary for at least one trader to have money for barter exchange to take place

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


False

Economics

You might also like to view...

Explain the excess burden of a tax on luxury yachts

Economics

Suppose that the federal government provides wheat farmers with a price floor above the market equilibrium price of wheat, creating a surplus. Which of the following causes a reduction in the surplus of wheat?

a. Elimination of the price floor. b. An increase in the supply of wheat. c. An increase in the price of wheat. d. A decrease in the demand for wheat.

Economics

Limiting the immigration of highly educated professionals hurts U.S. economic growth because

What will be an ideal response?

Economics

Dan is the owner of a price-taking company that manufactures sporting goods. One particular facility Dan owns produces baseball bats and baseball gloves. His cost function for baseball bats is CB(QB, QG) = 100QB + QB2 + QBQG and the marginal cost is MCB = 100 + 2QB + QG, where QB is the output level for bats and QG is the output level for gloves. Dan's cost function for baseball gloves is CG(QB, QG) = 50QG + QG2 + QGQB, and the marginal cost is MCG = 50 + 2QG + QB. The price of a baseball bat is $240 and the price of a baseball glove is $150. What is the profit-maximizing sales quantity for baseball gloves?

A. 10 B. 20 C. 30 D. 60

Economics