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Author Question: For barter to occur there must be A) two people willing to pay with credit. B) a double ... (Read 35 times)

haleyc112

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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.


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jxjsniuniu

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

B

Answer to Question 2

C


haleyc112

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

irishcancer18

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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