Author Question: For barter to occur there must be A) two people willing to pay with credit. B) a double ... (Read 72 times)

haleyc112 · **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.