1. Briefly describe the process by which money emerges from a state of barter.
2. What is the one primary function of money? What are subsidiary functions that follow as corollaries from the primary function? Give a brief description of each function you list.
3. Briefly describe what economic calculation is and what problem the pricing process of the market economy solves.
4. What is the difference between biological and social competition?
5. Briefly describe "Consumers' Sovereignty." In what institutional arrangement does it hold?
6. Briefly explain what it means to say that "the market is a selective process."
7. What activities do entrepreneurs carry out within the market order?