What is the main advantage of using money instead of bartering?

A. Many more people today use money than bartering to get goods and services.****
B. Not all countries use the same types of money in their economies.
C. Money comes in many different values to pay for goods and services.
D. People do not have to have a good or service that another person wants.

2. In January of 2008, the average price of a gallon of milk was $3.87. In January of 2012, the average price of a gallon of milk was $3.58. This is an example of
A. Inflation
B. Interest
C.Deflation****
D. Productivity

3. workers mostly sell there labor in order to
earn income
grow their productivity ****
become entrepreneurs
avoid inflation

4.which of these factors does not contribute to the income potential
the education required to be successful at a job
the amount of income a person wants to make at a job
the special skills needed to do a job well
the enjoyment a person finds in a job-----

5. Increased productivity most often leads to
higher standards of living**
better educational opportunities
shorter working hours
lower profits and outputs

6.
anonymous 2 years ago ·


Which of these actions is an entrepreneur most likely to take? A.Develop and market a new product.****
B.Begin working for a large corporation.
C.Ignore ways to solve economic problems.
D.Specialize in just one type of task.

which of these factors does not contribute to the income potential *of a job

1, 3 are wrong; the others are right.

1. The main advantage of using money instead of bartering is that many more people today use money than bartering to get goods and services. This makes transactions easier and more efficient.

2. In January of 2008, the average price of a gallon of milk was $3.87, and in January of 2012, the average price of a gallon of milk was $3.58. This is an example of deflation, as the price of milk decreased over time.

3. Workers mostly sell their labor in order to earn income and grow their productivity. By selling their labor, workers contribute to the production of goods and services, which helps generate income for themselves and the economy.

4. The amount of income a person wants to make at a job does not contribute to the income potential. While it may influence personal goals and motivations, the income potential is determined by factors such as education, skills, and the job market.

5. Increased productivity most often leads to higher standards of living. When productivity improves, more goods and services can be produced, leading to increased availability and potentially lower prices. This can improve the overall quality of life for individuals and societies.

6. An entrepreneur is most likely to develop and market a new product. Entrepreneurs are often motivated by identifying opportunities and creating innovative solutions to solve economic problems. Developing and marketing a new product is a common action taken by entrepreneurs to meet consumer needs and generate profits.

To answer question 1, "What is the main advantage of using money instead of bartering?"

The main advantage of using money instead of bartering is that many more people today use money than bartering to get goods and services. This means that money is a widely accepted medium of exchange, making transactions much easier and more efficient. Bartering, on the other hand, requires a coincidence of wants between two parties - both parties must have something the other person wants in order to trade. This can be difficult and time-consuming, whereas with money, people can easily buy and sell goods and services without the need for direct bartering.

To answer question 2, "In January of 2008, the average price of a gallon of milk was $3.87. In January of 2012, the average price of a gallon of milk was $3.58. This is an example of"

This is an example of deflation. Deflation occurs when the average price level of goods and services decreases over time. In this case, the price of a gallon of milk has decreased from $3.87 to $3.58, indicating a deflationary trend. Inflation, on the other hand, is the opposite - it refers to an increase in the average price level of goods and services over time. So in this scenario, deflation is the correct answer.

To answer question 3, "Workers mostly sell their labor in order to"

Workers mostly sell their labor in order to earn income. By providing their labor skills and services to employers, workers receive wages or salaries as compensation for their work. This is how they earn income to meet their needs and support themselves financially. Growing their productivity, becoming entrepreneurs, or avoiding inflation are not the main reasons why workers sell their labor.

To answer question 4, "Which of these factors does not contribute to the income potential"

The amount of income a person wants to make at a job is the factor that does not directly contribute to the income potential. While someone's income expectations may influence their career choices and aspirations, the income potential is determined by the market value of the skills and services they offer, the education required to be successful at a job, and the special skills needed to do a job well. The enjoyment a person finds in a job can indirectly impact income potential by influencing their job performance and advancement opportunities.

To answer question 5, "Increased productivity most often leads to"

Increased productivity most often leads to higher standards of living. When productivity increases, it means that more output is being produced with the same amount of input or resources. This can lead to more goods and services being available in the economy, which can improve people's standard of living by providing them with more choices and opportunities. Better educational opportunities, shorter working hours, and lower profits and outputs are not the direct outcomes of increased productivity.

To answer question 6, "Which of these actions is an entrepreneur most likely to take?"

An entrepreneur is most likely to develop and market a new product. Entrepreneurs are individuals who identify opportunities and take risks to create and innovate new products, services, or businesses. They actively seek to meet market demands and solve economic problems through creative and entrepreneurial solutions. Beginning to work for a large corporation, ignoring ways to solve economic problems, or specializing in just one type of task are not primary actions that entrepreneurs typically take.