In the checkerboard model, the board eventually returned to equilibrium, but the equilibrium result was extreme segregation. This extreme segregation resulted from
A) an outright hatred of neighbors.
B) an extreme dislike of neighbors.
C) a mild preference of neighbors not to be outnumbered.
D) government affirmative action policies.
C
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The real interest rate is equal to the
A) nominal interest rate plus the inflation rate. B) nominal interest rate minus the inflation rate. C) nominal interest rate times the inflation rate. D) nominal interest rate divided by the inflation rate. E) inflation rate minus the nominal interest rate.
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.