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Author Question: From an economists point of view, market exchange is defined by: a. the purchase of goods in a ... (Read 33 times)

mynx

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on: Jul 10, 2018
From an economists point of view, market exchange is defined by:
 
  a. the purchase of goods in a marketplace.
  b. the buying and selling of goods and services whose value is determined by supply and demand.
  c. the role of middlemen who bring buyers and sellers together.
  d. face-to-face bargaining for goods and/or services.
  e. the role of large multinational corporations, using a formal stock exchange.

Question 2

Leveling mechanisms are:
 
  a. more common in hunter-gatherer societies than in horticultural societies.
  b. associated with one family becoming wealthier than others.
  c. found in communities where property is not allowed to threaten egalitarian social order.
  d. more common in industrial societies than in agricultural societies.
  e. no longer in existence.


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ally

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Reply #1 on: Jul 10, 2018
Answer to Question 1

ANSWER: b

Answer to Question 2

ANSWER: c


mynx

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Reply #2 on: Jul 10, 2018
Thank you :)


ally

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Reply #3 on: Jul 10, 2018
Happy to help you


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