If You Were Driving West Along Interstate 70 from Topeka

question 24

Multiple Choice

If you were driving west along Interstate 70 from Topeka to Denver,for much of your trip the landscape around you would appear relatively flat,but overall you would be driving ________.

• A)Downhill
• B)Uphill
• C)Uphill and then downhill
• D)Actually you would remain level

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Definitions:

Barter

The direct exchange of one good or service for another good or service.

Medium of Exchange

An intermediary instrument or system used to facilitate the sale, purchase, or trade of goods between parties.

Specialization Restrictions

Limitations or regulations set on the extent to which individuals or entities can focus on producing a particular product or service.

Centrally Planned Economies

Centrally planned economies are those in which the government or central authority makes all decisions regarding the production and distribution of goods and services.