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WorksheetsWhat is Money and Barter?
Total questions: 40
Worksheet time: 19mins
Political spending. Don't care about a bargain. Don't care about quality.
People spending their own money on themselves
People spending their money on others
spending other people's money on yourself
spending other people's money on other people
Fully engaged mind. Care about bargains. Care about quality. Generally care about your own property - creates efficiency and market prices
People spending their own money on themselves.
People spending their money on others
Spending other people's money on yourself.
Spending other people's money on other people.
Care about quality. Do not care about a bargain
People spending their own money on themselves.
People spending their own money on others.
Spending other people's money on yourself.
Spending other people's money on other people.
Care about a bargain. Don't care about quality.
Spending other peoples money on themselves
People spending their money on others
Spending other people's money on other people
People spending their own money on themselves
Spending your money on yourself
Want the highest quality with the features you want and a bargain price
the gag gift
the steak lunch with desert
the corrupt, perverse, and wasteful government program
Spending your money on someone else
the corrupt, perverse, and wasteful government spending
the steak lunch with desert
the gag gift
highest quality, lowest price
Spending other people's money on other people.
the steak lunch on the bosses VISA card
care about quality, care about bargains
the gag gift
the way politicians spend wasteful and perverse, but gets them elected
spending other people money on yourself
the steak lunch on the boss's VISA card
the politician
the gag gift
care about quality, care about a bargain
your money on others
other;s money on you
other's money on others
your money on you
other's money on you
other's money on others
your money on you
your money on others
your money on yourself
your money on others
other's money on others
other's money on yourself
your money on others
your money on you
other's money on self
other's money on others
Money is:
a store of value
a perishable commodity
A horse has
the divisibility problem
the lack of coincidence of needs
the lack of a recognizable and knowable value
1,000 tons of steel ingots has
the lack of a recognized and knowable value
the portability problem
You have a Gibson Kalamazoo guitar for which you paid $20,000. You want to trade it for a new car and the car owner has no interest in guitars.
the lack of coincidence of wants
the lack of a recognized and knowable value
the divisibility problem
Little shiny objects of various colors that this guy tells you are valuable diamonds
the lack of a recognized value and lack of knowable value
the lack of coincidence of needs
These were used for exchanges among American Indians. Usually they were for the purchase of a diplomatic agreements among tribes and that was usually when an agreement was very much needed.
Wedding ring
Dowry
Bride Price
Wampum Belt
This is usually done in African countries. A man who wants to marry must bring cattle or little stylized iron ingots (look vaguely like swords) to her parents in order to compensate them for the loss of her labor in the household.
Bride Price
Dowry
Wampum
Casino Chips
Seen in many cultures. When a marriage takes place the parents of the bride provide many goods that their daughter will need for her new household.
Dowry
Bride Price
Casino Chips
Wampum Belts
Started out as a simple gold band that demonstrated that the woman was no longer available. In the early 20th century women had a diamond added in some cultures and men started wearing the simple gold band.
Casino Chips
wedding Rings
Dowry
Started out as a simple gold band that demonstrated that the woman was no longer available. In the early 20th century women had a diamond added in some cultures and men started wearing the simple gold band.
Wedding Rings
Dowry
Casino Chips
Bride Price
Special purpose money that can only be spent in the Casino gift shops or the gambling floor.
Casino Chips
dowry
wampum Belts
Government is paper milling money in order to pretend to meet its obligations. People who depend on the value of their money are destroyed financially - their savings destroyed. Everyone else tries to buy anything that will hold its value so that they do not have to hold money.
the flight from money
the valuation from money
Charm, patience, energy, intelligence, interests, dispositions, talents
Overtime these things are revealed about us in the economy
Only 20% of the population has these
(select four) We all bring these four basic things to the economy (select four)
money
time
our subjective values
eventually our experience
a great singing voice
Every choice to spend money on one thing ---.
is the choice to not spend money on something else (or save it)
is the choice to not spend time on something else (or save it)
is the choice to not pay attention to something else
Economists insist ---.
that we take trade-offs seriously
that government interference in the economy is a public benefit
There are two ways to distribute scarce resources the: the political way that uses --- and the economic way that is a matter of ---.
violence, voluntary exchanges of free people
voluntary exchanges of free people, violence
--- is real money and government central-bank currency is ---.
gold, fiat money
real, paper money
The wealthiest nations in the world are the ones with
capitalist economies
socialist command and control
Prices are not lever that set ---. Prices are metrics that --- to value. Antony Davies
value, respond
prices, formulate
The exchange of currencies is called
arbitrage
stock market
NASDAQ
Thomas Sowell
Walter Williams
Milton Friedman
Hernando de Soto Polar
Thomas Sowell
Walter Williams
Milton Friedman
Hernando de Soto Polar
Thomas Sowell
Walter Williams
Milton Friedman
Hernando de Soto Polar
Thomas Sowell
Walter Williams
Hernando de Soto Polar
Milton Friedman
The E stands for Equilibrium
The E stands for Equilibrated
The E stands for Equal
The E stands for Equator
The $400 represents --- and the $600 represents ---.
rent control, market rent
market rent, rent control
The $13 represents --- and the $10 represents ---.
minimum wage, market wage
market wage, minimum wage
