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lavendersardine622Lv1

18 Aug 2020

When we say that trade is roundabout we mean that:

a. people sometimes trade goods for goods.

b. trades require a double coincidence of wants.

c. currency is accepted primarily to make further trades.

d. people must spend time searching for the products they wish to purchase.

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Ronaldo MendozaLv10

13 Oct 2020

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Related questions

1. Which of the following both increase the money supply?

an increase in the discount rate and an increase in the interest rate on reserves
an increase in the discount rate and a decrease in the interest rate on reserves
a decrease in the discount rate and an increase in the interest rate on reserves
a decrease in the discount rate and a decrease in the interest rate on reserves

2. In the U.S., the average adult holds about $3,700 in

currency.
wealth.
M1.
M2.

3. The measure of the money stock called M1 includes

wealth held by people in their checking accounts.
wealth held by people in their savings accounts.
wealth held by people in money market mutual funds.
everything that is included in M2 plus some additional items

4. When the Fed decreases the discount rate, banks will

5. Reserve requirements are regulations concerning

the amount banks are allowed to borrow from the Fed.
the amount of reserves banks must hold against deposits.
reserves banks must hold based on the number and type of loans they make.
the interest rate at which banks can borrow from the Fed.

6. When we say that trade is roundabout we mean that

people sometimes trade goods for goods.
trades require a double coincidence of wants.
currency is accepted primarily to make further trades.
people must spend time searching for the products they wish to purchase.

7. Values of Assets

Asset	Amount in $Billions
Small-time deposits	780
Large time deposits	1,700
Demand deposits	450
Other checkable deposits	370
Savings deposits	4950
Traveller's checks	5
Money market mutual funds	740
Currency	880
Miscellaneous categories of M2	50

Refer to Value of Assets. What is the value of M1 in billions of dollars?

1705
2485
6295
7075

8. In 1991, the Federal Reserve lowered the reserve requirement from 12 per cent to 10 per cent. Other things the same this should have

increased both the money multiplier and the money supply.
decreased both the money multiplier and the money supply.
increased the money multiplier and decreased the money supply.
decreased the money multiplier and increased the money supply.

9. Consider four survivors on an island.

Rupert	has machete	wants fishing spear
Amber	has cooking pot	wants fishing spear
Rob	has fishing spear	wants machete
Tom	has cooking pot	wants machete

Which of the following pairs of survivors has a double-coincidence of wants?

Rupert with Amber, and Rob with Tom
Amber with Tom
Rupert with Rob
None of the above is correct.

10. 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.

crimsongrasshopper834

........................ increases productivity in three ways. First, it relieves us from having to waste time doing things for which we are not very productive. Second, when we do something over and over again, we get increasingly better at it. And third, it minimizes what economists call ......................... costs.An economist would say that trade is mutually beneficial. That means that rather than being a ....................... sum game, trade benefits both parties simultaneously. In a ............................ economy, trade requires a "double coincidence." That is, the buyer must find a seller who has what he wants and the seller must also want what the buyer has to trade. .................... reduces this necessity to a .................... coincidence.

Trade involves the transfer of goods or services from one person or entity to another, often in exchange for money. A network that allows trade is called a market. Trade exists due to the specialization and division of labor, in which most people concentrate on a small aspect of production, but use that output in trades for other products and needs. Trade exists between regions because different regions may have a comparative advantage in the production of some trade-able commodity including the production of natural resources scarce or limited elsewhere, or because different regions' size may encourage mass production.

Q1. What are the effects of the Saudi Arab trade and import policies on the economy?

The student will demonstrate competencies for Economics on completion of the following project:

1. Research the effects of the Saudi Arabian government's policies regarding international trade. Focus on the value of items traded, and the balance of trade. Consider:

A) Name the countries that are trading with the Saudi Arab?

B) How much is Saudi Arabia importing and exporting from/to certain countries?

C) What does an imbalance of importing and exporting do to an economy?

D) How is currency involved?

E) How does the Saudi Arabian government make policies with regard to international trade (like tariffs, import/export taxes, etc.)?

F) How do sanctions on some countries affect their trade with Saudi Arabia? (give examples)

Write a research essay (7-10 paragraphs) analyzing your information. Include detailed information, examples, and works cited.

Important: Students are required to use critical reasoning skills to analyze and evaluate their positions.