Agraria sends wheat to Cyberia in exchange for computers and technology goods. This is an example of
a. unidirectional trade.
b. joint venture.
c. barter.
d. monetary exchange.
c
You might also like to view...
Knowing that the presence of externalities reduces surplus, it implies that:
A. there are mutually beneficial trades waiting to be exploited so private parties have an incentive to solve the externality problem themselves. B. government needs to find them and correct the market. C. there are mutually beneficial trades waiting to be exploited, so government has an incentive to force those parties to solve the problem themselves. D. None of these statements is true.
Which of the following is an example of a normative statement? a. Higher unemployment rates are common among young people
b. Young people should learn how to prepare their own taxes. c. Auto insurance rates are generally lower for younger d. Persons under the age of 30 watch more movies than those over the age of 30.
In situations where businesses discriminate in response to the preferences of consumers, discrimination:
A. is not consistent with efficient markets. B. is consistent with efficient markets. C. will be eliminated by the market. D. will not persist even though it's what the customers want.
A labor union in a labor market is analogous to a(n) ________ in an output market.
A. perfect competitor B. cartel C. monopsony D. oligopoly