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 18 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
Thanks for the timely response, appreciate it

jojobee318

  • Member
  • Posts: 298
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Did you know?

Complications of influenza include: bacterial pneumonia, ear and sinus infections, dehydration, and worsening of chronic conditions such as asthma, congestive heart failure, or diabetes.

Did you know?

The U.S. Preventive Services Task Force recommends that all women age 65 years of age or older should be screened with bone densitometry.

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

Did you know?

Vampire bats have a natural anticoagulant in their saliva that permits continuous bleeding after they painlessly open a wound with their incisors. This capillary blood does not cause any significant blood loss to their victims.

Peptic ulcer. A peptic ulcer may occur in the stomach (gastric ulcer), as shown here, or in the duod Peptic ulcer. A peptic ulcer may occur in the stomach (gastric ulcer), as shown here, or in the duod
Scaling the Earth down to the size of a basketball, the Moon is roughly the size of a tennis ball. T Scaling the Earth down to the size of a basketball, the Moon is roughly the size of a tennis ball. T
The double-helix structure of DNA. The double-helix structure of DNA.
Pulp - Common People Pulp - Common People
Dermatological changes with myxedema can occur behind the eyes or in the lower leg, as shown here. Dermatological changes with myxedema can occur behind the eyes or in the lower leg, as shown here.
Bacteriophage double-strand DNA (linear) Bacteriophage double-strand DNA (linear)
Video: Functional zones in a mitochondrion

For a complete list of videos, visit our video library