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Author Question: What does the term market economy refer to? a. An economy that includes all of the various types ... (Read 146 times)

Chelseaamend

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on: Jul 10, 2018
What does the term market economy refer to?
 
  a. An economy that includes all of the various types of exchanges equally
  b. An economy in which barter in local markets is the dominant form of exchange
  c. An economy organized around market principles
  d. An economy that is controlled and regulated by the government

Question 2

Which of the following is NOT a necessary characteristic of money?
 
  a. Money is a medium of exchange.
  b. Money is produced or minted by a national government.
  c. Money serves as a standard for comparing the value of things.
  d. Money serves as storage of value.


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emsimon14

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

c

Answer to Question 2

b


Chelseaamend

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Reply #2 on: Jul 10, 2018
TY


emsimon14

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Reply #3 on: Jul 10, 2018
Happy to Help


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