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The value of a good or service can be measured with money.

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15y ago

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In which type of society do people have specialized jobs and exchange goods and services they produce for goods and services produced by other people?

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What is a system in which people make and exchange goods and services?

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What is Different between currency paper and notebook paper?

Currency is something people are willing to accept in exchange for goods or services. Dollar bills and coins are example of currency. Most people will not accept notebook paper in exchange for providing a good or service, and thus it is not considered currency.


What is a society in which people have specialized jobs and must exchange goods and services they produce for goods and services produced by other people?

A free market society.


Is barter the exchange of goods and services for other goods and services?

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A money that people are willing to receive in exchange for goods and services is said to be?

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What economic system is characterized by the unregulated exchange of goods and services.?

Free Market is characterized by the unregulated exchange of goods and services.


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What term indicated the exchange of goods and services between countries?

The exchange of goods and services between countries is called international trade.


Can you confirm that no goods or services were provided in exchange for the payment made?

Yes, I can confirm that no goods or services were provided in exchange for the payment made.


What term indicates the exchange of goods and services within a single country?

The exchange of goods and services within a single country is called domestic trade.


What system involves the direct exchange of goods and services without the use of money as a medium of exchange?

Barter system involves the direct exchange of goods and services for the same.