Question: 2 Economic systems are incredibly complex. What Is TRUE statement about economic systems? O A. Ancient humans engaged in early economics by trading and selling

2 Economic systems are incredibly complex. What Is TRUE statement about economic systems? O A. Ancient humans engaged in early economics by trading and selling of goods. O B. Economies have existed for only the past few centuries. O C. An individual who is working, spending, and saving does not play a role in the economy. O D. The bartering system has never been a successful way of trading goods and services. Reset Next

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!

Reyes Manufacturing Company uses a job order cost system. At the beginning of January, the company had one job in process (Job 201) and one job completed but not yet sold (Job 200). Job 202 was...

PartII. Institutions The great conflict between capitalism and communism is over. Communism has collapsed; capitalism has won. Or so we think. But if you take a closer look at the structure of these...

Watch the following video: https://www.youtube.com/watch?v=A7gZHzNQXBA Read the following articles and answer these questions: 1) Regarding SDGs, do you think the goals are achievable? If yes,...

Basic Economic Concepts Presently, nearly every nation in the world has a free-market or mixed economy that combines the benets of having private ownership with some level of governmental oversight....

I need a transcript (what I'm going to talk and explain them) for my presentation from this book chapter 10 (page 271-277) "Controversy over regulation of int finance". Please help measap, deadline...

A brief overview of the learning gained from the article the article: JOURNAL OF THE ASIA PACIFIC ECONOMY 2019, VOL. 24, NO. 2, 313-327 Routledge ROUTLEDGE...

1: Describe and explain the terms climate sensitivity, fat tail, and low beta, and how they relate to climate change. 2: What are the estimated economic costs of global warming? Can we trust these...

please read the content notes for your references and answer the last page of every topic (exercises 1 and 2 of each topic) TECHNOLOGICAL INNOVATION TECHNOLOGICAL INNOVATION Technological Innovation...

Assignment Questions 1. [4 marks] Analyse the current business model of Goldman Sachs. a. What are the main business areas? b. Provide in your words a brief description (max 10 lines) of what each...

I have asked three questions with my textbook chapter in which they come from. it would be greatly appreciated if you could help me answer these three questions. Thanks so much. :) 1. What is the...

Can you please help me answer two questions based on the readings below. 1 How would you contrast the mainstream economics view of consumer behavior in 9.3, with the demand curve in general, and also...

On February 1, 2013, Garzon purchased 6% bonds issued by PBS Utilities at a cost of $ 40,000, which is their par value. The bonds pay interest semiannually on July 31 and January 31. For 2013,...

Allison Co. has the following postretirement benefit plan balances on January 1, 2012. Accumulated Postretirement benefit obligation ..................$2,535,000 Fair value of plan assets...

toring Enabled: Exam 2 Ch 6 , 7 , 8 , 9 ( i ) 3 Characteristics of a money market mutual fund include 1 5 7 2 9 Multiple Choice the ability to be readily marketable. None of the options are true. the...

What is the purpose of predecessorsuccessor auditor communications? Which party, the predecessor or successor auditor, has the responsibility for initiating those communications? Briefly summarize...

What is the purpose of predecessorsuccessor auditor communications? Which party, the predecessor or successor auditor, has the responsibility for initiating these communications? Briefly summarize...

Marley Company has the following information for March: Sales............................................................... $912,000 Variable cost of goods sold.......................................

The debits and credits from two transactions are presented in the following creditor's (supplier's) account: Describe each transaction and the source of each posting. NAME ADDRESS Migrant Technology...

Fixed manufacturing costs are $ 44 per unit, and variable manufacturing costs are $ 100 per unit. Production was 67,200 units, while sales were 50,400 units. Determine (a) Whether variable costing...

27) A global segment is referred to as "global teens' which includes: A) people with shared interest in fashions. B) affluent, well-traveled persons. C) movie stars. D) technology professionals, a...

Is your management system defined?

Do you have a comprehensive communication plan for your strategy?

Do you have sufficiently ambitious milestones?