In a barter system, there are

A. goods traded directly for other goods and services.
B. many different units of money.
C. financial institutions to facilitate all exchanges.
D. money and goods exchanged for each other.


Answer: A

Economics

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Refer to Table 16-2. What is the total revenue received from both markets combined?

A) $30 B) $34 C) $68 D) $70

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The high-income economies of the world have learned there is no long-run gain to letting _______ become established.

a. entrepreneurship b. unemployment c. inflation d. censorship

Economics

Which of the following does NOT help explain why pay should rise with age?

A. Many jobs require a learning curve that is often years long. B. Workers tend to build firm-specific knowledge over time. C. Reasoning abilities, mental speed, and memory improve as people age. D. Experience improves performance.

Economics

Refer to the diagram. With MB 1 and MC 1 , society's optimal amount of pollution abatement is:



A. Q 1 .
B. Q 2
C. Q 3 .
D. Q 4 .

Economics