In order for a barter transaction to be successful, there must be a:
A. market for the goods.
B. high demand for a certain item.
C. double coincidence of wants.
D. federal tax law in effect.
Answer: C
You might also like to view...
Time is primarily a __________ that can be measured in units
a. Value b. Goal c. Resource d. Decision device
In contrast to government research and development, private sector R&D has: a. more impact on productivity since most government R&D focuses narrowly on military applications
b. more impact on productivity since most government R&D focuses narrowly on the service sector. c. more impact on productivity since most government R&D focuses narrowly on not-for-profit activities. d. less impact on productivity since the government is more motivated and able to hire better people and facilities. e. less impact on productivity since firms tend to hold back on research when results are easily copied.
Suppose the aggregate price level in France is 120, the aggregate price level in Canada is 100, and the real exchange rate between these two countries is 5 . The number of Euros per Canadian dollar is _____
a. 2.5 b. 3.2 c. 6 d. 2.4
If there are two goods and two countries, then one country can have
A. a comparative advantage in both goods. B. a higher opportunity cost of producing both goods. C. a lower opportunity cost of producing both goods. D. a comparative advantage in only one good.