A) It is very structured but unpopular.B) It is characterized with dynamics of its own.C) It is losing popularity due to the spread of money.D) It is reservedexclusivelyfor social interactions. 相关知识点: 试题来源: 解析 B 题目询问文中对巴布亚新几内亚以物易物制度的描述。 - **A项**...
What is the barter system in economics? What is the government's limited economic role under pure capitalism? What is classical economic theory? Which institution controls a planned economic system? What is a socialist legal system? What is a political system?
In the beginning there was barter system and then came the money. Money is a term that could be used to explain any object from the past to the present, the value of which is what the humans who use the money bestow upon it. Money is simply any material that carries a mutually agreed...
As in, everything is done based on the barter system of exchange all across the world.A World Without Money:The barter trade system entails the exchange of goods and services to other goods and services. The introduction of money replaced ...
What is the history of cash? Humans have used physical currency for millennia with the exact system of creation and exchange evolving as technology and economies change. Before cash, most societies used a barter system. One farmer would exchange grain for another’s vegetables. Without currency, ...
Using gold as an example, what is the difference between commodity money and commodity-backed money? What is "scarcity of currency?" Define money and the money supply. What would a world without money be like? As in, everything is done based on the barter system of exchange all across th...
day Iraq, parts of eastern Syria, southwest Iran, and southeast Turkey—began to use a system based on the highly coveted coins of gold and silver, also known as bullion, which is the purest form of the precious metal. However, bartering remained the most common form of exchange and ...
Money is useful for facilitating trade. Unlike a barter system, where goods are exchanged directly (for example, a goat in exchange for a pot of oil), a monetary system allows the exchange of goods for an accepted intermediary item (for example, a goat in exchange for a certain amount of...
is a complex system of interrelated production, consumption, and exchange activities, which ultimately determine how resources are allocated among participants. The production, consumption, and distribution of goods and services combine to fulfill the needs of those living and operating within the economy...
A crack-up boom is the crash of the credit and monetary system due to continual credit expansion and price increases that cannot be sustained long-term. In the face of excessive credit expansion, consumers' inflation expectations accelerate to the point that money becomes worthless andthe economic...