Read the Paragraph Below and Answer the Questions That Follow

question 21

Multiple Choice

Read the paragraph below and answer the questions that follow.
(1) Mexico City is a fascinating mixture of modern and traditional ways of life. (2) The city boasts sleek skyscrapers, such as the famous Latin America tower. (3) However, it also proudly displays its graceful Spanish colonial palaces and public buildings, many of which are 300 years old. (4) Glittering stores line the main shopping streets, offering the latest in international styles of clothing and house furnishings. (5) Yet old fashioned street markets fill the city, from the great food market of the Merced to stalls in small plazas selling such piñatas and paper Christmas decorations. (6) Huge modern factories in the northern section turn out most of Mexico's clothing, steel, cement, appliances, and electrical supplies. (7) In contrast, craftspeople line the city's streets with their handmade baskets, pottery, metalwork, and textiles.
Does this paragraph compare, contrast, or both?

• A) compares only
• B) contrasts only
• C) compares and contrasts

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Definitions:

Barter Economy

An economic system where goods and services are exchanged directly for other goods and services without using money.

Double Coincidence

A situation in a barter system where two parties each hold an item the other wants, facilitating an exchange without the need for money.

Barter

The exchange of one good or service for another good or service; a trade.

M2

A measure of the money supply that includes all elements of M1 (cash and checking deposits) plus savings deposits, money market mutual funds, and other time deposits.