Barter occurs when you exchange
A) money for goods.
B) goods for money.
C) goods for other goods.
D) one type of money, such as U.S. dollars, for a different type of money, such as Japanese yen.
C
Economics
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In the expenditure approach to GDP, the largest component is
A) government expenditure on goods and services. B) personal consumption expenditures. C) gross private domestic investment. D) net exports.
Economics
The minimum wage is an example of
A) a subsidy for low-skilled workers. B) a price floor. C) a black market. D) a price ceiling.
Economics