This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: For barter to occur there must be A) two people willing to pay with credit. B) a double ... (Read 69 times)

haleyc112

  • Hero Member
  • *****
  • Posts: 600
on: Jun 30, 2018
For barter to occur there must be
 
  A) two people willing to pay with credit.
  B) a double coincidence of wants for each good to be exchanged.
  C) one person who pays cash.
  D) hyperinflation.

Question 2

Which of the following statements is true?
 
  A) A rational consumer makes his decisions depending on what the majority chooses.
  B) A trade-off refers to the exchange of goods between economic agents through a barter system or mutual exchange.
  C) A budget constraint is an economic tool that quantifies the trade-off between consumption of two goods.
  D) All rational economic agents attempt to maximize their income.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jxjsniuniu

  • Sr. Member
  • ****
  • Posts: 343
Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

C


haleyc112

  • Member
  • Posts: 600
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

Zebsrer

  • Member
  • Posts: 284
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Only 12 hours after an egg cell is fertilized by a sperm cell, the egg cell starts to divide. As it continues to divide, it moves along the fallopian tube toward the uterus at about 1 inch per day.

Did you know?

The oldest recorded age was 122. Madame Jeanne Calment was born in France in 1875 and died in 1997. She was a vegetarian and loved olive oil, port wine, and chocolate.

Did you know?

Bacteria have been found alive in a lake buried one half mile under ice in Antarctica.

Did you know?

One way to reduce acid reflux is to lose two or three pounds. Most people lose weight in the belly area first when they increase exercise, meaning that heartburn can be reduced quickly by this method.

Did you know?

The longest a person has survived after a heart transplant is 24 years.

L. Frank Baum, author of The Wonderful Wizard of Oz (1900) and a fan of William Jennings Bryan, perh L. Frank Baum, author of The Wonderful Wizard of Oz (1900) and a fan of William Jennings Bryan, perh
In middle childhood, children are increasingly able to understand other people’s thoughts, ... In middle childhood, children are increasingly able to understand other people’s thoughts, ...
The energy set-point view that is the basis of many people’s thinking about hunger and eating. The energy set-point view that is the basis of many people’s thinking about hunger and eating.
Modification steps (1–4) that occur in maturation of E. coli tRNATyr from its transcript Modification steps (1–4) that occur in maturation of E. coli tRNATyr from its transcript
In a double-slit experiment, the slit separation is 1.75 mm, and two coherent wavelengths of ... In a double-slit experiment, the slit separation is 1.75 mm, and two coherent wavelengths of ...
Steps in homologous recombination repair of double-stranded breaks Steps in homologous recombination repair of double-stranded breaks
Video: Types of antimicrobial substances (interferons & complement protein)

For a complete list of videos, visit our video library