The direct exchange of goods and services for other goods and services is known as
A. barter.
B. purchasing power parity.
C. primitive trade.
D. nonmarket trade.
Answer: A
You might also like to view...
A freeze on wages and prices was introduced by President
A. Franklin Delano Roosevelt. B. Harry S. Truman. C. Dwight D. Eisenhower. D. John F. Kennedy.
The Social Security system was founded
A) during the Civil War, to pay pensions for veterans. B) during the last years of the nineteenth century, as people who had once depended on having a family farm found themselves without a means of support. C) as the United States began to recover from the Great Depression. D) in response to concerns that arose during the high inflation of the 1970s.
In the above figure, the competitive firm will employ the quantity of labor
A. equal to Lb. B. equal to Lc. C. greater than Lc. D. less than Lb.
An important hindrance to developing countries in carrying out monetary policy is that they
a. usually lack central banks b. are usually unable to issue their own currency c. are unable to borrow money d. usually lack effective bond markets e. all of the above