Which of the following is not an example of bartering?
A. Mary paying for her new shoes with her credit card.
B. Mrs. Smith treating the neighbor children to pizza after they helped clean up her yard.
C. John cutting his neighbor's grass in return for his neighbor washing John's car.
D. Sue trading candles with Tom for his bread.
Answer: A
You might also like to view...
Giuseppe's Pizza is a perfectly competitive firm. The firm's costs are shown in the table above. The firm's shutdown point is
A) $12. B) $17. C) $8. D) $2.
Define the quantity demanded of a good or service
What will be an ideal response?
In 1990 the United States imposed trade embargoes on Iraq's international trade. The negative effect on Iraq's consumer surplus would be greater the
A) less elastic Iraq's demand schedule. B) more elastic Iraq's demand schedule. C) greater Iraq's dependence on foreign products. D) more inelastic Iraq's supply schedule. E) less elastic Iraq's labor force is.
Which of the following will cause the price of beer to rise?
A) A shift to the right in the demand curve for beer B) A shift to the left in the supply curve of beer C) both A and B D) none of the above