A direct exchange of fish for corn is an example of:
a. storing value.
b. a modern exchange method.
c. barter.
d. a non-coincidence of wants.
c
Economics
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In the circular flow model of an economy, households
A) receive income from buyers of goods and services. B) receive income from the sale of factors in the goods markets. C) pay firms for the use of their factors. D) receive income from producers for the use of factors in the factor markets.
Economics
Technological efficiency necessarily means producing
A) at minimum cost. B) with the highest level technology available. C) without using more inputs than necessary. D) technology itself.
Economics