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:

Related Book For book-img-for-question

Principles Of Economics

ISBN: 9781319330156,9781319419769

2nd Edition

Authors: Betsey Stevenson, Justin Wolfers

See More Books

Question Posted: Feb 20, 2024 01:01 AM

See More 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 December 1, 20x1, ABC Co. enters into a franchise contracts with XYZ, Inc. The franchise provides XYZ, Inc. with the right to use ABC's trade name and sell ABC's products for 5 years. The contract...
Under USHA ______refers to meaningfully allocating costs as closely as possible to the relates sale.
Morphine and morphine 3-Î²-D-glucuronide were separated on two different 4.6-mm diameter Ã 50-mm-long columns with 3-Î¼m particles.39 Column A was C18-silica run at 1.4...
The inie tae shait in 1
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...
Wehner Company is currently manufacturing Part ABS-43, producing 55,000 units annually. The part is used in the production of several products made by Wehner. The cost per unit for ABS-43 is as...
Question 37 Plantito Inc., produces potted plants. For next year, Pietro predicts that 45,000 units will be produced, with the following total costs: Direct materials Direct labor ? 80,000 Variable...
When you are to design a data transmission system, you have two key considerations to work with: data rate and distance, with emphasis placed on achieving the highest data rates over the longest...
How much work does a supermarket checkout attendant do on a can of soup he pushes 0.600 m horizontally with a force of 5.00 N? Express your answer in joules and kilocalories. 3 . (a) Calculate the...
Suppose in its income statement for the year ended June 30, 2022, The Clorox Company reported the following condensed data (dollars in millions). Salaries and wages expenses$460 Research and...
Consider the extensive form game show in the figure below. How many strategies does Player 2 have in this game? (2,2,1) b (2,4,2) 03 by 03 02 dz (4.2,0) (2.0.2) (0.3.4) (3,5,3) (3,1,2)
List the different phase transitions that are possible and give examples of each.
The ultimate goal of Google, Bing, and other consumer search engines is to provide users with search listings that contain useful information on the topic of their search. What recommendations would...
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?
Summarize in your own words Sharps, Treynors, and Jensens Measures for assessing portfolio performance with respect to risk. Assess the portfolio performance of mutual fund VDIGX taking into...
Question 1 Slat and Company have recently set up a business which will manufacture and sell a furniture component, the F12 On the 19 August 2021, the company issued 85,000 of share capital for cash....
The following is Addison Corporations contribution format income statements for last month. The company has no beginning or ending inventories. A total of 10,000 units were produced and sold last...

Explain how you would trade your efforts for goods or services you need if the economy did

Question:

Step by Step Answer:

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

Principles Of Economics

Students also viewed these Business questions