Barter is the:
a. direct exchange of goods and services.
b. exchange of goods, but not services.
c. system that does not depend on a coincidence of wants.
d. system used in advanced economies.
a
You might also like to view...
The assumption of asymmetric information means that
A) borrowers and lenders have the same information. B) borrowers and lenders have perfect information. C) borrowers know more than lenders. D) lenders know more than borrowers.
If national income is $400 billion, consumption spending is $380 billion, and MPC is 0.5, what is the level of saving?
a. $20 billion b. $210 billion c. $380 billion d. $590 billion e. $780 billion
About one out of every _________ Hispanics is poor.
Fill in the blank(s) with the appropriate word(s).
Which of the following pairs would most likely be confused for each other?
a. causation and hypothesis b. composition and hypothesis c. correlation and composition d. causation and correlation