The direct exchange of goods and services for other goods and services without the use of money is
A) barter. B) financial intermediaries.
C) a store of value. D) a standard of deferred payment.
A
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The portfolios of property and casualty insurance companies are generally concentrated in
A) liquid assets. B) mutual funds. C) primary securities. D) U.S. Treasury bonds.
How could Adam Smith's comment about the butcher, the brewer, and the baker be accurately rephrased in modern terms?
A) The butcher, the brewer, and the baker give us our dinner because they want to be well liked in the community. B) The butcher, the brewer, and the baker give us our dinner because they will be sued if they don't do so. C) The butcher, the brewer, and the baker give us our dinner because they each earn a living by doing so. D) The butcher, the brewer, and the baker give us our dinner because they view doing so as a public service.
To use an analogy that helps explain the ABCs of economic development: To build a skyscraper, you must first build the foundation. In order for an economy to create economic development, it must first develop a solid
a. network of resources b. production possibilities curve c. infrastructure d. dualist structure e. base for foreign investment and aid
two goods that are used together. when the price of a complementary good rises, the demand for related good goes down
What will be an ideal response?