Barter
A. Makes market transactions easier and less time-consuming.
B. Is the direct exchange of one good for another.
C. Is considered to be an efficient process for an economy.
D. Requires that gold be used to assess value.
Answer: B
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The multinational agency that specializes in making loans to developing nations in an effort to promote long-term development and growth is the
A) World Trade Organization. B) International Monetary Fund. C) World Bank. D) United Nations Development Program.
Why does the model of perfect competition imply that firms will produce the products that households want the most?
What will be an ideal response?
Suppose that the European Central Bank conducts a main refinancing sale. Everything else held constant, this would cause the demand for U.S. assets to ________ and the U.S. dollar will ________
A) increase; appreciate B) increase; depreciate C) decrease; appreciate D) decrease; depreciate
Which of the following is the opportunity cost of money?
a. The use of money as a means of payment b. The trouble of having to get money out of the bank c. The interest forgone by holding money d. The ability to purchase things at a moment's notice e. Commissions paid to brokers