Under a system of barter
A) each individual trades output directly with another.
B) only agricultural goods may be traded.
C) goods may be traded for money, but money may not be traded for goods.
D) currency is accepted for purchases, but personal checks are not.
A
You might also like to view...
Based on the table below and the principle of diminishing returns to capital, then total packages wrapped when a fourth machine is installed must be less than ________ packages.Number of (Identical) MachinesTotal Packages Wrapped 1110,000213,000315,000
A. 15,000 B. 17,000 C. 16,000 D. 2,000
Ownership in a government bureau is transferable
Indicate whether the statement is true or false
With flexible exchange rates, the imbalance between debits and credits arising from shifts in currency demand and/or supply is accommodated by ______.
a. special financial borrowings b. fixed exchange rates c. changes in currency prices d. reserve movements
Describe (verbally) how to calculate a one-time return on an investment. On an annual return.
What will be an ideal response?