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Author Question: Exchange is necessary in an economy if: a. output is to be produced. b. output is to be consumed. ... (Read 61 times)

mpobi80

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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


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AaaA

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Reply #1 on: Jun 30, 2018
Answer to Question 1

e

Answer to Question 2

True


mpobi80

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

nathang24

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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