Serena Works for a Shoemaker in a Small Shop,doing a Variety

question 25

Multiple Choice

Serena works for a shoemaker in a small shop,doing a variety of tasks.At the end of the week,the shoemaker offers her a choice: She can be paid with cash,or with her choice of a pair of shoes.Serena chooses cash,which confirms Georg Simmel's theory that says ________ is part of a historical evolution of economy that has many advantages.

• A) the drive for exchange
• B) the development of the corporation
• C) depersonalized exchange
• D) the shift from feudalism to bartering to in-kind payment

---

Definitions:

Federal Budget Deficit

The shortfall when the federal government's expenditures exceed its revenues within a fiscal year.

Federal Budget Deficit

The financial situation where the federal government's expenditures exceed its revenues in a given fiscal year.

National Debt

The total amount of money that a country's government has borrowed by various means.

Fiscal Policy

Government policies concerning taxation and spending that are aimed at influencing economic conditions, including promoting economic growth, controlling inflation, and reducing unemployment.