"Goods Flow into a Central Source and Then Out Again

question 54

Multiple Choice

"Goods flow into a central source and then out again to the community." What is such a system called?

• A) a Kula Ring
• B) redistribution
• C) a cargo system
• D) market exchange

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Definitions:

Economic Transactions

Activities involving the exchange of goods, services, or money between two or more parties.

Bretton Woods System

A monetary management system established in 1944, which set fixed foreign exchange rates for currencies in relation to the U.S. dollar and established the International Monetary Fund (IMF) and the World Bank.

World Economy

The global network of economic activities and interactions among countries' economies, including trade, investment, and currency exchange.

Gold Production

The process of extracting gold ore from the earth and refining it into pure gold.