A barter arrangement simply means
A) the government has paid for the goods.
B) a promise to pay in the future.
C) that gold must be offered from one party.
D) a direct exchange of goods without the use of money.
D
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Which of the following relationships correctly identifies the profit maximization condition of a firm in a perfectly competitive market?
A) Marginal cost < Price = Marginal revenue B) Marginal cost > Price = Marginal revenue C) Marginal cost = Price = Marginal revenue D) Marginal cost = Price < Marginal revenue
Traditionally, elementary and secondary education was an enterprise of state government
a. True b. False
Food stamps _____
a. do little to increase demand for agricultural products b. make certain low-income individuals eat healthy foods c. increase demand for agricultural products d. help fight obesity
What is the difference between private and social costs?