David and Asher buy the same pair of sneakers,but each in the wrong size.David proposes a size swap with Asher.This is an example of
A) barter,since the sneakers in the correct size represent a medium of exchange.
B) barter,since the sneakers in the correct size have intrinsic value to both David and Asher.
C) money,since the sneakers in the correct size do not have any intrinsic value.
D) money,since the sneakers in the correct size represent a medium of exchange.
Correct Answer:
Verified
Q2: Consider five high school students working on
Q3: Consider five individuals with different occupations.
Q4: In an economy that relies upon barter,
A)trade
Q5: The existence of money
A)reduces specialization.
B)makes trade easier.
C)allows
Q6: You use U.S.currency to pay the owner
Q7: As opposed to a payments system based
Q8: Consider the following traders who meet.
Q9: Consider five individuals with different
Q10: Consider five individuals with different
Q135: The existence of money leads to
A)greater specialization
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