8. Which is the main problem with the barter system of exchange? A. It encourage

Question

8. Which is the main problem with the barter system of exchange? A. It encourages self-interest and selfishness B. It fosters specialization and division of labor C. It requires a coincidence of wants D. It undermines the right to bequeath 9. A market demand schedule for a product would indicate that: A. As the product's price falls, consumers buy less of the product B. As buyers' incomes rise, they will buy more of the product C. If buyers demand more of the product, then its price would rise D. There is an inverse relationship between price and quantity demanded 12. If the price of gasoline increases and car dealers suffer a decrease in demand for sport utility vehicles, then gasoline and sport utility vehicles are: A. Substitutes B. Complements C. Inferior goods D. Unrelated goods

Explanation / Answer

C. It requires a coincidence of wants D. It undermines the right to bequeath D. There is an inverse relationship between price and quantity demanded B. Complements

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