Which of the following markets has the most restrictive geographic boundary?
A) The market for retail gasoline
B) The market for housing
C) The market for gold
D) The market for beef
B
Economics
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What is a problem with barter that makes it so difficult to use?
A) Individuals have to produce something to trade with. B) Barter omits the store of value role for money. C) Barter requires use of only fiat money. D) Barter requires a double coincidence of wants. E) Barter is very efficient but illegal because it avoids taxation.
Economics
In 1902, total government expenditures at all levels of government were around _____
a. 10 percent of GDP b. 20 percent of GDP c. 30 percent of GDP d. 40 percent of GDP
Economics