Question
Which of the following statement(s) is/are true? Select one or more answers. A. Suppose that I trade some bricks that I made for a pig
Which of the following statement(s) is/are true? Select one or more answers.
A. Suppose that I trade some bricks that I made for a pig and that I then trade the pig for a used cart, which I can use to more easily transport my bricks. The pig is a medium of exchange although it is unlikely to be considered as money.
B. A favorable characteristic for money to have is a low value to unit weight, making it more portable.
Using money to facilitate transactions can be described as indirect exchange.
C. Suppose that I trade some bricks that I made for a pig and that I then trade the pig for a small garden plot, which I can use to grow some vegetables.The trade of the bricks for the pig is an example of direct exchange.
D. Suppose that I trade some bricks that I made for a pig and that I then trade the pig for a small garden plot, which I can use to grow some vegetables.The pig is a medium of exchange.
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