« previous next »

Author Question: The people of the Island of Yap used stones as a general medium of exchange. Therefore, A) their ... (Read 80 times)

neverstopbelieb

  • Hero Member
  • *****
  • Posts: 534
on: Jun 29, 2018
The people of the Island of Yap used stones as a general medium of exchange. Therefore,
 
  A) their economic system was based upon barter.
  B) their stones served as money.
  C) they had no price system, because prices can't be measured with stones.
  D) inflation was impossible.

Question 2

After 2009, the price of tablets fell each year and manufacturers of tablets produced and sold more tablets each year. This result is because the
 
  A) law of supply does not apply to companies in the high-tech sector of the economy.
  B) law of demand does not apply to customers in the high-tech sector of the economy.
  C) supply curve of tablets shifted rightward.
  D) demand curve for tablets shifted leftward.


ghepp

  • Sr. Member
  • ****
  • Posts: 361
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

According to the CDC, approximately 31.7% of the U.S. population has high low-density lipoprotein (LDL) or "bad cholesterol" levels.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Did you know?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

Gas exchange occurs at the alveolar capillary membrane. Gas exchange occurs at the alveolar capillary membrane.
For millions of people, the United States represents a land of opportunity and freedom from ... For millions of people, the United States represents a land of opportunity and freedom from ...
A symbol showing an engine with an arrow pointing down is used on some General Motors vehicles to ... A symbol showing an engine with an arrow pointing down is used on some General Motors vehicles to ...
The general description of allele and genotype frequencies under Hardy–Weinberg assumptions The general description of allele and genotype frequencies under Hardy–Weinberg assumptions
Famous People with Parkinson's Disease Famous People with Parkinson's Disease
Video: Role of ATP in muscle movement

For a complete list of videos, visit our video library