A Barter System Tends to Work Only

question 153

Multiple Choice

A barter system tends to work only

• A) in small U.S. towns and villages.
• B) in primitive economies with little product variety.
• C) when agricultural products are exchanged.
• D) among large, multinational corporations.

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Definitions:

Neoliberalism

An economic and political ideology that emphasizes the importance of free-market capitalism and reducing the role of government in economic affairs.

Cultural Imperialism

is a concept referring to the domination of one culture over another, often through media and cultural forms, leading to the imposition of the dominant culture's values and practices on the subordinate culture.

Capitalism

An economic system characterized by private ownership of the means of production, profit motive, and market competition.

Markets

Economic systems or environments where buyers and sellers engage in the exchange of goods, services, or information.