Answer:
Double coincidence of wants - a situation where two individuals each want some good or service that the other can provide
Double coincidence of wants occurs when in a transaction between two or more individuals, each want to obtain the good or service that the other is offering.
Barter - trading one good for another without the use of money
In barter, people trade a good or service for another good or service, without the use of money as medium of exchange. An example of barter is trading a cow for a sheep.
Money - whatever serves society in three functions: medium of exchange, store of value, and unit of account
Money is any good that serves the three purposes of money, store of value to serve as a medium to save or to accumulate wealth, medium of exchange to trade goods and services, and unit of account to measure the value of goods and services under a common guide.
Answer:
B. The ratio is getting worse because expenses are growing faster than sales.
Explanation:
OPERATING EXPENSES-COST TABLE
2012 2011 2010
Operating exp 48,000 44,000 42,000
Interest expense 12,000 9,000 6,000
TOTAL 60,000 53,000 48,000
As can be clearly seen above that operating expenses having been increasing at a very high speed as compared to sales volumes and gross profits hence, leading to a fall in overall profitability.
Answer:
because they wanted Zuma to offer them jobs
Answer:
c)consumer’s desired price is too low, producers may limit the amount produced
Explanation:
In a free market economy, price and quantity produced is determined by the forces of demand and supply. If there's a disequilibrium in the market, market forces bring about equilibrium.
In this question, there's a disequilibrium; there seems to be excess supply. To restore equilibrium, supply has to fall so equilibrium can be restored.
I hope my answer helps you.