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vixmoo p3

Authored by Đỗ Trang

Mathematics

University

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vixmoo p3
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98 questions

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1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

You use VND currency to pay the owner of a restaurant for a delicious meal.  The currency

has no intrinsic value.  The exchange is an example of barter.

has no intrinsic value.  The exchange is not an example of barter.

has intrinsic value.  The exchange is not an example of barter.

has intrinsic value.  The exchange is not an example of barter.

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which of the following is an example of barter?

A parent gives a teenager a $10 bill in exchange for her babysitting services.

A homeowner gives an exterminator a check for $50 in exchange for extermination services.

A barber gives a plumber a haircut in exchange for the plumber fixing the barber’s leaky faucet.

All of the above are examples of barter.

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

A double coincidence of wants

is required when there is no item in an economy that is widely accepted in exchange for goods and services.

is required in an economy that relies on barter.

is a hindrance to the allocation of resources when it is required for trade.

All of the above are correct.

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

            Money

is more efficient than barter.

makes trades easier

allows greater specialization.

All of the above are correct.

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which of the following lists is included in what economists call “money”?

cash

cash and stocks and bonds

cash and stocks and bonds and real estate

cash and stocks and bonds and real estate and all other assets

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Economists use the term money” to refer to

all wealth.

all assets, including real assets and financial assets.

all financial assets, but not real assets.

those types of wealth that are regularly accepted by sellers in exchange for goods and services.

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which of the following is a function of money?

a unit of account

a store of value

medium of exchange

All of the above are correct.

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