Sec 29.0 MC The Monetary System

《Sec 29.0 MC The Monetary System》由会员上传分享，免费在线阅读，更多相关内容在学术论文-天天文库。

1、1. YouuseU.S.currencytopaytheownerofarestaurantforadeliciousmeal.Thecurrency a. hasnointrinsicvalue.Theexchangeisanexampleofbarter. b. hasnointrinsicvalue.Theexchangeisnotanexampleofbarter. c. hasintrinsicvalue.Theexchangeisnotanexampleofbarter. d. hasintrinsicvalue.Theexchangeis

2、notanexampleofbarter.ANSWER:  bDIFFICULTY:  EasyREFERENCES:  TheMonetarySystemLEARNING OBJECTIVES:  ECON.MANK.226-Givenascenario,identifywhichroleofmoneyisbeingexploited.TOPICS:  MoneyKEYWORDS:  BLOOM'S:ComprehensionCUSTOM ID:  001.29.0-MC-MANK082. Whichofthefollowingisanexampleo

3、fbarter? a. Aparentgivesateenagera$10billinexchangeforherbabysittingservices. b. Ahomeownergivesanexterminatoracheckfor$50inexchangeforexterminationservices. c. Abarbergivesaplumberahaircutinexchangefortheplumberfixingthebarber’sleakyfaucet. d. Alloftheaboveareexamplesofbarter.AN

4、SWER:  cDIFFICULTY:  ModerateREFERENCES:  TheMonetarySystemLEARNING OBJECTIVES:  ECON.MANK.012-Applybasic,economicprinciplesofindividualdecisionmakingthatdeterminehowaneconomygenerallyworks.TOPICS:  MoneyKEYWORDS:  BLOOM'S:ApplicationCUSTOM ID:  002.29.0-MC-MANK083. Adoublecoinci

5、denceofwants a. isrequiredwhenthereisnoiteminaneconomythatiswidelyacceptedinexchangeforgoodsandservices. b. isrequiredinaneconomythatreliesonbarter. c. isahindrancetotheallocationofresourceswhenitisrequiredfortrade. d. Alloftheabovearecorrect.ANSWER:  dDIFFICULTY:  EasyREFERENCES

6、:  TheMonetarySystemLEARNING OBJECTIVES:  ECON.MANK.012-Applybasic,economicprinciplesofindividualdecisionmakingthatdeterminehowaneconomygenerallyworks.TOPICS:  MoneyKEYWORDS:  BLOOM'S:ComprehensionCUSTOM ID:  003.29.0-MC-MANK084. Considerthefollowingtraderswhomeet.Billhasaneggpla

7、ntwantsaheadofcabbageTimhasaheadoflettucewantsacucumberMikehasatomatowantsaneggplantCopyrightCengageLearning.PoweredbyCognero.Page 8AmyhasacucumberwantsaheadoflettuceWhich,ifany,pairsoftradershasadoublecoincidenceofwants? a. BillwithMike b. TimwithAmy c. BillwithMike,andTimwithAm

8、y d. BillwithTim,andMikewithAmyANSWER: