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Title: Jack trades his basketball for Jim's baseball glove. This simple trade is Post by: Sublight2097 on Jun 20, 2015 Jack trades his basketball for Jim's baseball glove. This simple trade is
A) unproductive, because nothing new has been produced. B) productive, because Jack and Jim expect to be better off by trading. C) costless, because no money was involved in the deal. D) a cost to the manufacturer because neither Jack nor Jim bought a new ball or glove. E) not good for the overall economy, for reasons A and D above. Title: Re: Jack trades his basketball for Jim's baseball glove. This simple trade is Post by: Chimelo46 on Aug 24, 2015 Content hidden
Title: Re: Jack trades his basketball for Jim's baseball glove. This simple trade is Post by: Sublight2097 on Aug 31, 2015 Another one in the books, marking it solved.
Title: Re: Jack trades his basketball for Jim's baseball glove. This simple trade is Post by: Chimelo46 on Aug 31, 2015 The textbook reference in your signature really helped me narrow it down.
Happy to help ;) |