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Author Question: Barter works best when: a. there is an absence of a double coincidence of wants. b. many different ... (Read 78 times)

nelaaney

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on: Jun 30, 2018
Barter works best when:
 a. there is an absence of a double coincidence of wants.
 b. many different products are available in the economy.
 c. money is readily available to establish relative prices.
 d. each trader has what the other wants and wants what the other has.
  e. highly developed economies achieve extensive specialization of labor.

Question 2

Productivity measures:
 a. how efficiently resources are turned into goods and services.
 b. how efficiently goods and services are consumed by the consumers.
  c. the level of skills embodied in a unit of labor.
 d. the ratio of inputs to a specific amount of output.
 e. the availability of resources in an economy.


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verrinzo

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

d

Answer to Question 2

a


nelaaney

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Reply #2 on: Jun 30, 2018
Thank you


verrinzo

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Reply #3 on: Jun 30, 2018
No problemo


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