If an Economy Has No Money, Then All Transactions Must

question 97

Multiple Choice

If an economy has no money, then all transactions must be conducted through the use of

• A) credit cards.
• B) barter.
• C) debit cards.
• D) tobacco or wampum.

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Definitions:

Quantitatively Different

Describes a distinction based on measurable differences in size, amount, number, or degree rather than differences in kind.

Preoperational Stage

A Piagetian stage of early childhood marked by the acquisition of mental representation and symbolic functions.

Semiotic Function

The ability of signs, symbols, or languages to represent objects, actions, ideas, or concepts indirectly, which is fundamental in communication and thinking.

Reversibility

The concept that certain processes can be undone, returning to the original state by reversing the process that caused the change.