What is the main advantage of using money instead of bartering?
A. Many more people today use money than bartering to get goods and services.****
B. Not all countries use the same types of money in their economies.
C. Money comes in many different values to pay for goods and services.
D. People do not have to have a good or service that another person wants.
2. In January of 2008, the average price of a gallon of milk was $3.87. In January of 2012, the average price of a gallon of milk was $3.58. This is an example of
A. Inflation
B. Interest
C.Deflation****
D. Productivity
3. workers mostly sell there labor in order to
earn income
grow their productivity ****
become entrepreneurs
avoid inflation
4.which of these factors does not contribute to the income potential
the education required to be successful at a job
the amount of income a person wants to make at a job
the special skills needed to do a job well
the enjoyment a person finds in a job-----
5. Increased productivity most often leads to
higher standards of living**
better educational opportunities
shorter working hours
lower profits and outputs
6.
anonymous 2 years ago ·
Which of these actions is an entrepreneur most likely to take? A.Develop and market a new product.****
B.Begin working for a large corporation.
C.Ignore ways to solve economic problems.
D.Specialize in just one type of task.
2 answers
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