What is the correct answer?


The name of the system of direct exchange is:

A. Price system

B. Barter system

C. Islamic economic system

D. Socialistic system

Correct Answer :

B. Barter system

Related Questions

Perfect competition implies: Which of the following is not a feature of isoproduct curves? In non-collusive oligopoly firms enter into: Whenever a group of monopolistic competitors attains equilibrium, the… If a person behaves against the laws of economics then: In case of straight-line isoquant, the factors are not substituted because… Total utility: The elliptical isoquant represents the: Who first used the term Quasi-Rent? The slope of isocost line (budget line) shows: Extension (expansion) of demand means: The effects according to which people use those goods which are concerned… In terms of price, the indirect utility function may be: J.R.Hicks was: The low cost price leader will charge: The total utility is gained by consuming: In the case of a normal goods, the income effect: The games which played by players again and again are called: The cost of firms in cournot model are: The difference between average total cost and average fixed cost shows: The optimal strategy for a player is termed as: In monopoly, when average revenue curve falls: An economic theory is : The marshallian demand curve includes: The average fixed cost (AFC) curve is asymptote to: Suppose income increases by 10% and demand for commodity increases by… Price mechanism has also given the name: Social costs equal private costs when: To calculate the elasticity of demand, which of the following formula… If price exceeds AVC but in smaller than AC at the best level of output,…