In a World with No Money, Costs Are Expressed in Terms

question 68

Multiple Choice

In a world with no money, costs are expressed in terms of other goods. If one video game costs two hamburgers, and a hamburger costs three pops, how many pops would it take to buy a video game?

• A)5
• B)3
• C)6
• D)3/2
• E)1/6

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Definitions:

Top Quintile

The highest fifth of a population in income or wealth distribution, representing those with the greatest share of income or wealth.

Income

Money received, especially on a regular basis, for work, through investments, or from business activities, used to fund day-to-day expenditures or save for the future.

Bottom Quintile

The lowest fifth or 20% segment of the population in a statistical distribution, often used in reference to income levels.

Income

Earnings received by an individual or business for their labor, investments, or through the sale of goods or services.