The term barter refers to exchanges made:
a. only with the use of money.
b. without the use of money.
c. outside the U.S. economy.
d. only in underdeveloped countries.
e. within countries in a monetary union.
b
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The following graph shows the production possibilities curve for the economy with only two members, Silvia and Art. Silvia can produce either 50 pounds of beef or 2 computers per week, and Art can produce 100 pounds of beef or 1 computer per week. Both of them work 40 weeks per year.
With the opportunity to trade Silvia and Art can ________ the maximum consumption of computers by ________ units.
A. decrease; 160 B. decrease; 80 C. increase; 40 D. increase; 160
This agency is responsible for preventing businesses from engaging in misleading advertising, unfair trade practices, and monopolistic actions, as well as for protecting consumer rights.
A. Environmental Protection Agency B. Food and Drug Administration C. Equal Employment Opportunity Commission D. Federal Trade Commission