Every state economy today is a blend of both:
a. free markets and formal markets.
b. government control and informal markets.
c. formal markets and black markets.
d. informal markets and free markets.
e. government control and free markets.
Question 2
All of the following are reasons that money is significant in market exchange EXCEPT:
a. money is a more flexible system of exchange.
b. money is always a part of market economies.
c. money is divisible and can be applied to various types and amounts of purchases.
d. money is transportable.
e. money is a form of deferred payment.
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Sketch the graph of each function using transformations. State the domain and range.