Refer to the data above. If plotted on a graph, the slope of the consumption schedule would be:

Which is an example of a barter system?

a. Instead of paying rent, you clean the house for the owner. b. Instead of paying cash for a computer, you use a credit card. c. Instead of paying the full amount for a car, you pay 10 percent in cash and pay for the rest in monthly installments. d. Instead of paying for a purchase in Mexico in pesos, you use dollars from the United States.

A monopoly may breed inefficiency by reducing competition and restricting production

a. True b. False Indicate whether the statement is true or false