Your Neighbor Has Knowledge of Economics and You Would Like

question 96

Multiple Choice

Your neighbor has knowledge of economics and you would like her to share it with you.You own a car,a CD player and a new pair of running shoes.You wish to make a trade,but the neighbor does not want what you have.The problem can be stated as follows: You are not satisfying the

• A) rule of transaction costs.
• B) double coincidence of wants.
• C) law of marketability.
• D) terms of a common denominator.

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Definitions:

Radius

The distance from the center to any point on the circumference of a circle.

Center

A point of origin or midpoint around which a figure or object is symmetrically arranged or balanced.

Point

A precise location or position in a geometric space, not having any dimension.

Equation

A mathematical statement that asserts the equality of two expressions, signified by the symbol =.