Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Feb 13, 2024

Identify economic system in the above statement? If a child at the school lunch fable frades her bag of chips for another child's apple, it

If a child at the school lunch fable frades her bag of chips for another child's apple, it is an example of practices most common in this economic system.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

The economic system described in the statement is a barter system In a barter system goods or serv... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting and Reporting

Authors: Barry Elliott, Jamie Elliott

14th Edition

978-0273744535, 273744445, 273744534, 978-0273744443

More Books

Students also viewed these Economics questions

Question

Match the following description to one of the facets of strategic human resource management listed below. You're a manager and see someone on your team helping another team member get their work...

Answered: 1 week ago

Question

★★★★★

The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...

Answered: 1 week ago

Question

★★★★★

Design a Java class that represents a cache with a fixed size. It should support operations like add, retrieve, and remove, and it should evict the least recently used item when it reaches capacity.

Answered: 1 week ago

Question

★★★★★

Uniform rod AB of length l and mass m lies in a vertical plane and is acted upon by a couple M. The ends of the rod are connected to small rollers which rest against frictionless surfaces. (a)...

Answered: 1 week ago

Question

★★★★★

One of a group of rabbit hunters was accidentally sprayed with buckshot in both of his gluteal prominences. When his companions saw that he would survive, they laughed and joked about where he had...

Answered: 1 week ago

Question

★★★★★

The flexural strength and associated volume fraction porosity for two specimens of the same ceramic material are as follows: fs (MPa) P 100............................. 0.05...

Answered: 1 week ago

Question

★★★★★

Examine psychotherapy approaches that are designed for children and adolescents.

Answered: 1 week ago

Question

★★★★★

Stagg Advertising Companys trial balance at December 31 shows Supplies $8,800 and Supplies Expense $0. On December 31 there are $1,100 of supplies on hand. Prepare the adjusting entry at December 31...

Answered: 1 week ago

Question

★★★★★

Apply single linkage cluster analysis to the first five records in the Excel file Sales Data, using the variables Percent Gross Profit, Industry Code, and Competitive Rating, and draw a dendogram...

Answered: 1 week ago

Question

★★★★★

Get It Right, CPAs, has been retained to review its client's corporate formation calculations for 20XX. Maria, Roger, and Novak created Grassroots Tennis, Inc. (GTI), which began operations on March...

Answered: 1 week ago

Question

★★★★★

On a weekend in late October 2015, Albert sat over his breakfast, and imitated of his personal investment portfolio over the past seven years. He remembered that, after the financial crisis in...

Answered: 1 week ago

Question

★★★★★

Exercise 3-17 (Algo) Preparing Financial Statements LO P5 Use the adjusted accounts for Stark Company to prepare the (1) income statement and (2) statement of retained earnings for the year ended...

Answered: 1 week ago

Question

★★★★★

4.12 Consider the following mechanism for the production of ozone from the heating of oxygen: mols magorbyd or lo no Inopnop and atA -rigid Kf mainedos doivoblas kir 0302+0 to noisot (R.1) C (R.2)...

Answered: 1 week ago

Question

★★★★★

3. Construct the shear force and bending moment diagrams for the beam shown below. 20 kips 12 kips 1.5 kips/ft B C E D 6ft 8 ft 10 ft- -8 ft-

Answered: 1 week ago

Question

★★★★★

home seeker lindsay wants to increase her credit score so she can qualify for a conventional loan at a lower interest rate. To do this, Lindsay needs to focus on several factors that go into...

Answered: 1 week ago

Question

★★★★★

Most married couples view the early years of marriage as O deeply satisfying O the most stressful period of their relationship O a "trial period," to see if they want to stay together confusing, and...

Answered: 1 week ago

Question

★★★★★

Need help with code using pointer only in C Ask the user to enter a number between 1 and 10 Check if the user has complied. Keep asking the user for a number between 1 and 10 until the user complies....

Answered: 1 week ago

Question

★★★★★

The first national bank pays a 4% interest rate compound continuously. The effective annual rate paid by the bank is __________. a. 4.16% b. 4.20% c. 4.08% d. 4.12%

Answered: 1 week ago

Question

★★★★★

Jason commenced with 135,000 cash. He acquired an established shop on 1 January 20X1. He agreed to pay 130,000 for the fixed and current assets and the goodwill. The replacement cost of the shop...

Answered: 1 week ago

Question

★★★★★

The following are the financial statements of White and its subsidiary Brown as at 30 September 20X9 The following information is also available: (i) White purchased its ordinary shares in Brown on 1...

Answered: 1 week ago

Question

★★★★★

Jane Parker is going to set up a new business on 1 January 20X1. She estimates that her first six months in business will be as follows: (i) She will put 150,000 into a bank account for the firm on 1...

Answered: 1 week ago

Question

★★★★★

In 2014, Maggy (34 years old)is an employee of YBU Corp. YBU provides a 401(k) plan for all its employees. According to the terms of the plan, YBU contributes 50 cents for every dollar the employee...

Answered: 1 week ago

Question

★★★★★

How might the ultimate benefits to an employee who participates in a qualified retirement plan of a company differ from an employee who participates in a nonqualified deferred compensation plan of...

Answered: 1 week ago

Question

★★★★★

How are qualified distributions from Roth IRAs taxed? How are nonqualified distributions taxed?

Answered: 1 week ago

Previous Question Next Question