Early Settlers of the New World Relied Heavily on Barter

question 69

Multiple Choice

Early settlers of the New World relied heavily on barter because

• A) they found barter more convenient than the use of money.
• B) strict laws limited the number of coins that could be brought into the colonies.
• C) money had not yet evolved.
• D) they wanted to protest against British control of the banking system.

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Definitions:

Forecasting Tools

Instruments or software used to predict future trends or outcomes based on current data.

Human Capital Requirements

The necessary skills, knowledge, and abilities that employees must possess to fulfill the roles and responsibilities within an organization.

Sales Levels

The amount of revenue or units sold by a company in a specific period, which can indicate the performance and market demand for its products.

Human Capital Theory

A concept in economics that emphasizes the importance of human factors, such as skills and knowledge, in contributing to economic productivity.