Today, a Regular ________ Is a System Where You Can

question 57

Multiple Choice

Today, a regular ________ is a system where you can exchange goods for other goods. You submit your goods and you receive trade credit that you can use to buy other goods.

• A) world market
• B) barter exchange
• C) world trade center
• D) trading post

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Definitions:

Tax

A requisite fiscal demand or variant levy put on a taxpayer by a political organization to underwrite government expenditure and sundry public disbursements.

Consumption

The purchasing and use of goods and services by households.

Units

Basic quantities or measurements, such as items sold or produced, used for analysis or calculation in various contexts.

Unit Elastic

A scenario in demand or supply where a percentage change in price leads to an equal percentage change in quantity demanded or supplied.