An economic system in which money is not used is a:
A. mixed economy.
B. barter economy.
C. planned economy.
D. market economy.
Answer: B
You might also like to view...
In the foreign exchange market, which of the following results in a movement along the supply curve of dollars?
A) a change in the expected future exchange rate B) a change in the U.S. interest rate C) a change in the current exchange rate D) None of the above answers are correct.
Which of the following enhances the ability of waste companies to collude?
A. High interest rates B. Differentiated nature of products C. Large number of firms D. Decals on waste receptacles
Suppose policy makers pass a budget that reduces the budget deficit. A deficit reduction package such as this has a greater chance of increasing current output when
A) the policy is front-loaded. B) financial markets believe that taxes will not increase in the future. C) financial markets believe the Fed will lower interest rates in the future. D) all of the above E) none of the above
Which of the following is explained by the law of diminishing marginal utility?
A) The marginal utility of Isabel's second bottle of Coca-Cola is greater than the marginal utility of her third bottle of Coca-Cola. B) The marginal utility of Isabel's second bottle of Coca-Cola is greater than the marginal utility of her third pretzel. C) The marginal utility of Isabel's second bottle of Coca-Cola is greater than the marginal utility of her friend Margie's third pretzel. D) The total utility of one bottle of Coca-Cola is greater than the total utility of two bottles of Coca-Cola.