Identify the statement which is true of a barter system?
a. In a barter system, trade will only occur if there is a double coincidence of wants.
b. In a barter system, an individual offers coins to get a good or service
c. In a barter system, an individual offers a commodity money to get fiat money.
d. In a barter system, different kinds of money are exchanged for one another.
e. In a barter system, individuals are self-sufficient.
a
Economics
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An increase in consumption, investment, or net exports caused by a decrease in government purchases is known as
A) crowding in. B) a closed economy. C) crowding out. D) demand-side effects.
Economics
A landscaper purchases a lawnmower, a rake, a truckload of gravel, and a chainsaw. Which of these four goods would most likely be considered as a commodity?
(A) A rake (B) A truckload of gravel (C) A chainsaw (D) A lawnmower
Economics