Explain how you would trade your efforts for goods or services you need if the economy did
Question:
Explain how you would trade your efforts for goods or services you need if the economy did not use money of any kind? How does money make trade easier?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (1 review)
Answer In a hypothetical scenario where the economy does not use any form of money individuals would have to rely on a barter system to exchange goods and services Barter involves the direct exchange ...View the full answer
Answered By
CHARLES AMBILA
I am an experienced tutor with more than 7 years of experience. I have helped thousands of students pursue their academic goals. My primary objective as a tutor is to ensure that students have easy time handling their academic tasks.
5.00+
109+ Reviews
323+ Question Solved
Related Book For
Principles Of Economics
ISBN: 9781319330156,9781319419769
2nd Edition
Authors: Betsey Stevenson, Justin Wolfers
Question Posted:
Students also viewed these Business questions
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
importance of workalike balance for women as a leader in healthcare. 1. The purpose of the research; 2. Research question/s; 3. Findings and relevant data; 4. Any recommendations and; 5. The...
-
Read the case study "Southwest Airlines," found in Part 2 of your textbook. Review the "Guide to Case Analysis" found on pp. CA1 - CA11 of your textbook. (This guide follows the last case in the...
-
A company has 10,000 employees. Each employee is entitled to twenty days of paid holiday per calendar year. Up to five days of this entitlement may be carried forward and taken in the following year...
-
Martin, Cynthia, and Libbey, the partners of Martin, Cynthia, Libbey, and Company, share profits and losses in a ratio of 4:3:1, respectively. The tax basis of each partner as of December 31, 2013,...
-
On June 2, 2022, a tornado destroyed the building in which FF operated a fast-food franchise. FFs adjusted basis in the building was $214,700. In each of the following cases, determine FFs recognized...
-
For each of the following, calculate the \(t\)-test for independent means. a. X 13.49,X 23.14, sX-1-X-2 = .31 b. X 113.27, X 2 = 16.45, sX 1-X 2 = 1.52 c. X 1.76, X 2.91, sX 1-X 2 = .09 d. X 11.52, X...
-
Your client, John Butler, is an avid Houston Astros fan. Last March at the Astros' home opener, as a result of a random drawing of those in attendance at the game, John won 300 Shipley Do-Nut...
-
What is Capital Structure and how important it is? What is the basic goal of financial management with regard to capital structure? How is the cost of capital related to capital structure? Question...
-
Is inflation more costly when it is expected, or unexpected?
-
Behavioral economists have discovered that people view a 2% decrease in their income without inflation as unfair, but a 3% increase in their income in the presence of 5% inflation as fair. What are...
-
How do special assessment levies differ from general tax levies?
-
You are director of HRM (international) for an international firm operating mainly in Africa. The business strategy is to expand operations into the Far East, starting in Malaysia. A number of...
-
The conclusions reached by Brewster et al (2005) after their extensive research were that: Our study has revealed an increasing emphasis on globalizing HR processes, with intense discussion around...
-
You are to PAY 350,000 on March 16. Todays spot rate is $1.15/. The forward rate is $1.18/. On March 16 the spot rate is $1.14/. Futures contracts are for 125,000 each. Q1. How many contracts do you...
-
A Joe plays football for his high school team. He is 17 years old, 6 feet tall and weighs 180 pounds. His coach has recommended that he gain 10 pounds over the next six months, but not at the expense...
-
A combined solar and auxiliary energy system is used to meet the same load as in Example 12.5. The total cost of the system to cover 65% of the load (solar fraction) is $20,000. The owner will pay a...
-
Match the following terms with the correct description: ___ A. Fresh start ___ B. Fraudulent transfer ___ C. Exempt property ___ D. Reaffirmation ___ E. Voidable preference 1. Property individual...
-
All of the following assets can be depreciated, except: (a) A bulldozer (b) A copper mine (c) A surgical robot (d) A conveyor belt
-
If Boeing produces 9 jets per month, its long-run total cost is $9.0 million per month. If it produces 10 jets per month, its long-run total cost is $9.5 million per month. Does Boeing exhibit...
-
Give an example of an opportunity cost that an accountant might not count as a cost. Why would the accountant ignore this cost?
-
What is marginal product, and what does it mean if it is diminishing?
-
References: https://www.tbkcreative.com/ we are making a digital audit for TBK creative company please read the requirements above, pls take your time analyzing the data and name the tools used in...
-
You've learned about the product market expansion matrix. Now, it's time for you to apply what you've learned to an actual company (not a company we've discussed in class: CVS, LinkedIn, Spotify,...
-
Define vulnerabilities, threat and exploits as it relates to information security. Describe two different types of threat actors. Explain the motivation behind the attacks of the threat actors that...
Study smarter with the SolutionInn App