Multiple Choice
A farmer selling tomatoes and corn at a roadside, and a currency trader in Hong Kong, are each participating in
A) international trade.
B) an involuntary transaction.
C) flexible manufacturing.
D) barter.
E) a market.
Correct Answer:
Verified
Correct Answer:
Verified
Q5: Which of the point(s)below is (are)true of
Q22: If a country's production possibilities boundary is
Q23: A point lying inside the production possibilities
Q24: Because resources are scarce, individuals are required
Q25: A move from inside the production possibilities
Q26: Most modern economies in the world today<br>A)are
Q28: Economics is generally NOT concerned with<br>A)restricting the
Q29: Suppose fire destroy many millions of hectares
Q30: Behaviour in free- market economies is<br>A)determined by
Q32: The opportunity cost of producing good A