The practice of buying goods and services now and paying for them later is termed is<u> Bartering</u>.
A barter is a transaction in which two or more parties exchange products or services without exchanging cash or other forms of payment like credit cards.
In its simplest form, bartering entails the exchange of one party's good or service for another party's good or service.
A carpenter who constructs a fence for a farmer is a straightforward illustration of a barter transaction.
The farmer might compensate the carpenter with $1,000 worth of crops or groceries rather than paying the builder $1,000 in cash for labor and supplies.
To learn more about Bartering here
brainly.com/question/14903216
#SPJ4
Answer:
The equilibrium may increase, decrease or remain the same.
Explanation:
If more students attend college they will need textbooks, so the demand for textbooks will increase. This will cause the demand curve to shift to the right.
At the same time, as paper becomes cheaper, the cost of producing textbooks will get reduced. This will increase the supply of new textbooks. This increase in supply will cause the supply curve to shift to the right.
If textbook authors accept lower royalties the cost of production for textbooks will decrease, so the supply will increase.
If fewer old textbooks are sold, the demand for new textbooks will increase.
This increase in both demand and supply of textbooks will increase the equilibrium quantity of textbooks. But the change in equilibrium price depends on the proportionate change in demand and supply.
If both demand and supply increase by the same proportion, the equilibrium price will remain the same.
If demand increases more than the supply, the equilibrium price will increase.
If supply increases more than demand, the equilibrium price will fall.
Answer: The correct answers are "B. flow; stock" and "C. purchase of new plants and equipment by firms and the purchase of new houses by households."
Explanation: Income is a <u>flow </u>variable, and financial wealth is a <u>stock</u><u> </u>variable. The term investment, as used by economists, refers to the <u>purchase of new plants and equipment by firms and the purchase of new houses by households.</u>
<u>
</u>
<u>Flow: variable whose quantity is measured per unit or given period of time; for example, income, investment.</u>
<u>Stock: variable whose quantity is measured at a certain moment of time; for example: population, wealth, capital stock.</u>
<u>The investment is related to using resources in order to achieve some benefit.</u>