The Direct Trade of Goods and Services for Other Goods

question 57

Multiple Choice

The direct trade of goods and services for other goods and services is called

• A) financial intermediation.
• B) diversification.
• C) barter.
• D) using a medium of exchange.
• E) the efficient allocation of resources.

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Definitions:

Units

Basic quantities or measurements used to express a variable or to quantify the elements in an analysis.

Employed

Refers to individuals who are currently working in a paid job or running a business.

Units

Basic quantities or measurements, such as pieces or liters, used to quantify the amount of a product or substance.

Marginal Revenue Product

The additional revenue generated by employing one more unit of input, such as labor, in the production process.