When people in a barter economy began to accept the good that had greater acceptability than all other goods, they weren't trying to create the institution of money. They were simply trying to __________
A) get along with their neighbors.
B) become rich.
C) make trading easier for themselves.
D) pay lower prices.
E) none of the above
C
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A time-series graph displays the price of gold. The slope of the line is negative for periods when the
A) price of gold is low and not changing. B) price of gold is rising. C) quantity of gold is falling. D) price of gold fluctuates. E) price of gold is falling.
The authors of the textbook would not want to say you were "littering" when you toss your peanut shells under your seat at a major league baseball game because
A) peanut shells are biodegradable. B) someone is going to clean up after you. C) the games are played outside. D) the stadium is public property and public property is no one's property. E) the people in charge of putting on the game don't mind at all.
What assumptions are necessary for a market to be perfectly competitive? Explain why each of these assumptions is important
What will be an ideal response?
Evidence suggests that business owners are generally
a. interested in profits only when discrimination is illegal. b. more interested in discrimination than in making a profit. c. unable to determine the link between discrimination and profitability. d. more interested in making a profit than in discriminating against a particular group.