In a Pure Subsistence Economy

question 239

Multiple Choice

In a pure subsistence economy,

• A) each family unit is self-sufficient.
• B) exchanges are very important.
• C) the standard of living must be relatively high.
• D) there is a great need for intermediaries.

---

Definitions:

Distributor

An intermediary entity that buys products from manufacturers and sells them to retailers or directly to consumers.

Horizontal Price Fixing

An illegal agreement between competitors to fix, control, or maintain prices at a certain level, often leading to reduced competition.

Airline Companies

Businesses that provide air transport services for traveling passengers and freight.

Tickets

Documents or electronic codes that grant the holder a right to enter a venue, travel on a vehicle, or participate in an event.