Which of the following is not a problem with barter?
a. Determining and remembering the prices of everything you want to buy in terms of the goods and services you want to sell.
b. Dividing assets into convenient, small denominations that can be spent.
c. Finding an asset that cannot be duplicated and manipulated by the government.
d. Having a mutual coincidence of wants and surpluses with trading partners.
e. All of the above are problems.
.C
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A decrease in the cost of production will shift the supply curve down and to the right
Indicate whether the statement is true or false
Which of the following represent the Federal Reserve's most important responsibilities?
a. Supervise and regulate banks. b. Issuing paper currency. c. Printing paper currency. d. Both (a) and (b) e. Deciding the maximum rate banks can charge for loans.
In the absence of well-defined property rights, we would likely find
A. people with less incentives to take risks. B. increases in investment activity. C. higher economic growth rates. D. people with more incentives to take risks.
Present value is
A. the nominal value instead of the real value of something. B. the value of a dollar received a year from now, expressed in terms of its future value. C. the inverse of the interest rate. D. the value of a future amount expressed in today's dollars.