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

Author Question: Which of the following statements best describes a barter system of exchange? (Read 65 times)

jordangardner

  • Full Member
  • ***
  • Posts: 145
on: Oct 12, 2022

Question 1

If an economy exhibits the specialization of labour, we know that
◦ most production is artisanal in nature.
◦ different individuals are producing different products.
◦ each worker is self-sufficient.
◦ job security is ensured.
◦ a barter economy is more suitable.

Question 2

Which of the following statements best describes a barter system of exchange?
◦ It developed late in history.
◦ It requires the use of money.
◦ It eliminates the transactions costs involved in exchange.
◦ It is the most efficient form of exchange.
◦ It involves the trading of goods directly for other goods.
Microeconomics ¦ Ragan ¦ 17th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by jordangardner on Oct 12, 2022

Marys

  • Full Member
  • ***
  • Posts: 171
Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 39% of students answer this correctly


jordangardner

  • Member
  • Posts: 145
Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)

scottmt

  • Member
  • Posts: 322
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Did you know?

Complications of influenza include: bacterial pneumonia, ear and sinus infections, dehydration, and worsening of chronic conditions such as asthma, congestive heart failure, or diabetes.

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

Did you know?

Vaccines cause herd immunity. If the majority of people in a community have been vaccinated against a disease, an unvaccinated person is less likely to get the disease since others are less likely to become sick from it and spread the disease.

Did you know?

According to the CDC, approximately 31.7% of the U.S. population has high low-density lipoprotein (LDL) or "bad cholesterol" levels.

An example of a homeostatic control system. An example of a homeostatic control system.
Additional Disorders of the Skeletal System Additional Disorders of the Skeletal System
The evaporative emission control system includes all of the lines, hoses, and valves, plus the ... The evaporative emission control system includes all of the lines, hoses, and valves, plus the ...
Some of the pathways of the auditory system that lead from one ear to the cortex. Some of the pathways of the auditory system that lead from one ear to the cortex.
The Conduction System The Conduction System
Respiratory system of a bird. Respiratory system of a bird.
Video: Hormonal feedback loop components

For a complete list of videos, visit our video library