Barter Is

question 36

Multiple Choice

Barter is

• A)illegal in the United States
• B)an efficient system of exchange
• C)most useful when there is much specialization and international trade
• D)only possible if money is used as a medium of exchange
• E)the direct exchange of goods, without the use of money

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Definitions:

Corporate Charters

Official documents issued by a government, granting rights and privileges to a corporation to conduct business.

Market Economy

A market economy is an economic system where decisions regarding investment, production, and distribution are based on the interplay of supply and demand, and prices of goods and services are determined in a free price system.

Capital

In economics, refers to wealth in the form of money or assets owned by an individual or organization. In the context of cities, it refers to the seat of government for a region or country.