Discuss some of the economic rationales behind business location and the system of cities, their benefit and pitfalls. 1. Provide a definition of Managerial economics and explain how managers can benefit by studing this subject? 2. An entrepreneur say...
Explain the concept of market failure and the alternatives to market processes in resource allocations.Market Economic Systems:In a market-based economic system, the basic economic questions of what to produce, how to produce, and who gets the rewards are answere...
宏观习题答案(英文题中文答案).pdf,PART 1 THE DATA OF MA CR OE CON OM ICS CHAPTER 1 MEASURING A NATION INCOME 1. Explain why an economys income must equal its expenditure. 答 :对于一个经济整体而言,收入必定等于支 出,因为每一次交易都有两方 :一个买者 一
barter system, under which goods and services are exchanged directly for other goods or services. So the farmer may give the taxi driver some vegetables in exchange for a ride, and in this case the vegetable is a form of money under the system. A narrower definition of money is whatever ...
1.What is the main purpose of the passage? A. To outline contrasting types of economic systems. B. To explain the science of economics. C. To argue for the superiority of one economic system. D. To compare barter and money-exchange markets. ...
2. Provide 3 examples of public goods, including an explanation of why or how they demonstrate the concept of public goods. Are public goods always physical things? Explain. 1. Give an example of a barter transaction. 2. Give an e...
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3.According to the passage, a barter economy can generate ___. A. rapid speed of transactions B. misunderstandings C. inflation D. difficulties for the traders 4. According to the passage, who has the greatest degree of control in the administered system? A. ...
Discuss the important functions and characteristics of money. Why is a barter economy inefficient? Explain the reasons why personal selling is more important in B2B marketing than in B2C Selling. Use the concept of opportunity cost to explain why both people and nations specialize and trad...
money,barter,credit, c.gold,silver,bronze Historically, what commodities tended to become money? Which of the following is not a characteristic of money? a. It provides a way to measure the relative value of goods and services. b. It is always ...