Use the Figure Below to Answer the Following Questions

question 109

Multiple Choice

Use the figure below to answer the following questions.

Figure 1A.2.1
-Refer to Figure 1A.2.1. If x decreases from 5 to 4, y

• A)decreases from 4 to 3.
• B)decreases from 4 to 3 1/2.
• C)decreases from 4 to 2.
• D)increases from 4 to 5.
• E)increases from 3 1/2 to 4.

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Definitions:

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.

Lack Of Coincidence

The situation where potential barter trades do not occur due to the absence of a mutual want by the parties involved, a challenge in barter systems.