The Figure Given Below Represents the PPC in Two Nations

question 51

Multiple Choice

The figure given below represents the PPC in two nations - Germany and Korea, producing only two goods, cars and food.Figure 2.4

-The exchange of goods and services directly without money is called:

• A)creative destruction.
• B)barter.
• C)arbitration.
• D)currency trade.
• E)illegal trade.

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Definitions:

Two-Way Flow

Communication or interaction that involves back-and-forth exchange of information, ideas, or materials between two parties or points.

Salesperson

An individual who sells products or services directly to customers, aiming to meet their needs and secure transactions.

Promotion Budget

Financial allocation specifically dedicated to marketing and advertising efforts to increase sales or raise brand awareness.

Personal Selling Activities

Direct, face-to-face activities undertaken by sales personnel to persuade consumers to make a purchase, typically involving presentations or demonstrations.