Power May Be Categorized as ________

question 15

Multiple Choice

Power may be categorized as ________.

• A) informational and personal
• B) formal and informal
• C) informal and legitimate
• D) formal and personal
• E) direct and indirect

Understand the necessity and processes of exchange in economies.

Recognize the limitations and challenges of barter systems.

Identify the functions and characteristics of money.

Appreciate the role of specialization and labor division in economic exchange.