A barter economy
A) cannot be a market economy.
B) is an economy without monetary exchange.
C) is an economy with no business firms.
D) is not a competitive economy.
B
Economics
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A nation engaging in trade according to the Ricardian model will find its consumption bundle
A) inside its production possibilities frontier. B) on its production possibilities frontier. C) outside its production possibilities frontier. D) inside its trade-partner's production possibilities frontier. E) on its trade-partner's production possibilities frontier.
Economics
The most commonly quoted monetary aggregate is:
A. public currency. B. M1 since it is the most liquid. C. M2 since its movement is most closely related to interest rates and economic growth. D. money-market mutual fund shares.
Economics