The direct trade of goods and services for other goods and services is called
A. diversification.
B. financial intermediation.
C. barter.
D. using a medium of exchange.
Answer: C
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An entrepreneur is:
a. an employee in a factory. b. the manager of a factory. c. the person who conceives and starts a business. d. the person who contracts to work for a specific price. e. the person who does not assume any risk in business.
The consumption function shows the relationship between consumption and saving
Indicate whether the statement is true or false
In politics a special interest group is describes as which of the following?
a. large relative to size of nation and only interested in the needs of big business b. small relative to size of nation and only interested in the environment c. small relative to size of nation, well-organized and focused on a specific interest d. large relative to size of nation, disorganized and focused on a specific interest
Which statement is true?
A. There was a great deal of stagflation in the 1970s. B. We had the worst recession since World War II in the late 2000s. C. We have had twelve recessions since January, 1945. D. All of the choices are true.