Barter requires the
A) exchange of goods and services directly for other goods and services.
B) use of fiat money as a medium of exchange.
C) use of commodity money as a medium of payment.
D) the triple non-coincidence of wants.
E) use of money as a unit of account.
A
Economics
You might also like to view...
According to this Application, lower oil prices may affect
A) aggregate supply. B) aggregate demand. C) both aggregate demand and aggregate supply D) neither aggregate demand and aggregate supply
Economics
Refer to Figure 4-5. Suppose that instead of a price ceiling, the government imposed a price floor of R1. What is the area representing producer surplus after the imposition of the price floor?
A) B + C + D + E + F B) A C) B + D + F D) C + E
Economics