The barter system is rarely used today because:
Answer: of the necessity for both parties to want something the other can provide at the same time.
Economics
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Which of the following is true regarding the measurement of GDP?
A) Wages and profit income are used in the income approach to GDP. B) Wages and consumption are used in the expenditure approach to GDP. C) Consumption and investment are used in the income approach to GDP. D) Government expenditure is only counted in the income approach to GDP. E) Investment and wages are expenditures, and are therefore are used in the expenditure approach to GDP.
Economics
How might technological change and globalization explain trends in the distribution of income?
What will be an ideal response?
Economics