Barter is the:
a. direct exchange of goods and services.
b. exchange of goods, but not services.
c. system that does not depend on a coincidence of wants.
d. system used in advanced economies.
a
Economics
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How is the demand curve faced by a perfectly competitive firm different from that faced by a monopoly? How does it affect their pricing policies?
What will be an ideal response?
Economics
The movement of workers from lower productivity jobs to higher productivity jobs would be an example of:
A. network effects. B. technological advance. C. simultaneous consumption. D. improved resource allocation.
Economics