This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Exchange is necessary in an economy if: a. output is to be produced. b. output is to be consumed. ... (Read 68 times)

mpobi80

  • Hero Member
  • *****
  • Posts: 519
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


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

AaaA

  • Sr. Member
  • ****
  • Posts: 339
Reply #1 on: Jun 30, 2018
Answer to Question 1

e

Answer to Question 2

True


mpobi80

  • Member
  • Posts: 519
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

jojobee318

  • Member
  • Posts: 298
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

In 1864, the first barbiturate (barbituric acid) was synthesized.

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Did you know?

When blood is exposed to air, it clots. Heparin allows the blood to come in direct contact with air without clotting.

Did you know?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

Did you know?

All adverse reactions are commonly charted in red ink in the patient's record and usually are noted on the front of the chart. Failure to follow correct documentation procedures may result in malpractice lawsuits.

Gas exchange occurs at the alveolar capillary membrane. Gas exchange occurs at the alveolar capillary membrane.
A typical output driver. In this case, the PCM applies voltage to the fuel pump relay coil to ... A typical output driver. In this case, the PCM applies voltage to the fuel pump relay coil to ...
Exchange of gases between lungs and blood. High concentration of CO2 in blood capillary entering the ... Exchange of gases between lungs and blood. High concentration of CO2 in blood capillary entering the ...
Regeneration of EF-Tu–GTP by Tu–Ts exchange Regeneration of EF-Tu–GTP by Tu–Ts exchange
Major Agricultural Crops Produced in the United States, 2011 Major Agricultural Crops Produced in the United States, 2011
Uniparental disomy can be produced by several mechanisms involving nondisjunction in meiosis, nondis Uniparental disomy can be produced by several mechanisms involving nondisjunction in meiosis, nondis
Video: Hormonal regulation of pregnancy - week 1

For a complete list of videos, visit our video library