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

Author Question: Exchange is necessary in an economy if: a. output is to be produced. b. output is to be consumed. ... (Read 25 times)

mpobi80

  • Hero Member
  • *****
  • Posts: 519
on: Jun 30, 2018
Exchange is necessary in an economy if:
 a. output is to be produced.
 b. output is to be consumed.
 c. individuals are self-sufficient.
  d. families are self-sufficient.
 e. labor is specialized.

Question 2

Relative prices describe the terms at which individual goods are exchanged for one another.
 a. True
  b. False
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

AaaA

  • Sr. Member
  • ****
  • Posts: 339
Reply #1 on: Jun 30, 2018
Answer to Question 1

e

Answer to Question 2

True


mpobi80

  • Member
  • Posts: 519
Reply 2 on: Jun 30, 2018
Excellent

skipfourms123

  • Member
  • Posts: 343
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

Did you know?

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

Did you know?

The ratio of hydrogen atoms to oxygen in water (H2O) is 2:1.

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

Did you know?

Nitroglycerin is used to alleviate various heart-related conditions, and it is also the chief component of dynamite (but mixed in a solid clay base to stabilize it).

Visualization of heat exchange in an ectotherm and an endotherm. Visualization of heat exchange in an ectotherm and an endotherm.
AC ripple at the output terminal of the battery is more accurate than testing at the battery due ... AC ripple at the output terminal of the battery is more accurate than testing at the battery due ...
Creating a Continental Economy Creating a Continental Economy
Find the factor demand for labour and the amount of output it will produce. Show all ... Find the factor demand for labour and the amount of output it will produce. Show all ...
Flexible exchange rates are supposed to prevent long-term trade deficits. Flexible exchange rates are supposed to prevent long-term trade deficits.
Calculator Output Calculator Output
Video: Acids and bases - definition

For a complete list of videos, visit our video library