What does the "double coincidence of wants" refer to?
"Double coincidence of wants" refers to an undesirable characteristic of barter economies. In an economy without money, trade can only occur if two people each have a good or service the other person wants.
Economics
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Consumption spending includes:
a. durable goods, nondurable goods, and housing. b. durable goods, nondurable goods, and imports. c. durable goods, services, and housing. d. durable goods, nondurable goods, and services. e. nondurable goods, services, and housing.
Economics
Predatory pricing is:
A. temporarily slashing prices below cost to force competitors out of the market. B. an aggressive business move to maintain market power. C. used to discourage competitors. D. All of these statements are true.
Economics