“The circulation of commodities differs from the direct exchange of products (barter), not only in form but in substance”.  In your own words, what is the difference between barter and the circulation of commodities, according to Marx?

barter – the trade of foods for goods- is booming. according to the us department of commerce, barter accounts for 30% of the world’s total business, and experts estimate tat 65% of fortune 500 companies engage in barter to one degree or another. if a medium of exchange clearly had advantages over barter, why does barter exist today?

Read the following passage to answer the question: Various countries, including South Africa, China and India, have established Special Economic Zones (SEZs) within their domestic economies. Firms that operate within these SEZS receive several incentives including tax relief, rent- free land, capital investment and training. This is done with the expectation to increase exports and to create job opportunities for local communities. Based on the passage, which one of the following statements regarding supply factors and demand factors that affect economic growth, is true? Select one: a. Tax relief, capital investment and training are not supply factors, nor demand factors. b. Creation of job opportunities for local communities will be positively influenced by demand factors. C. The fact that companies operating in SEZs do not have to pay rent, is a demand factor that will affect economic growth. d. Exports by firm's operating in SEZs form part of supply factors.

In the Disney movie Frozen, the Kingdom of Arendelle changes overnight from a warm, flower filled place to being completely frozen (the story takes place in July).  Just after this change in weather, there is a scene where two characters visit a trading post.  At the trading post one character (Kristoff) is looking to buy winter transportation equipment and eventually sell some ice.  The other character (Anna) is looking to buy some winter clothes.  A link to the scene can be found in the module. For this assignment, please show how this change in weather would likely effect the markets for winter transportation equipment, winter clothes, and ice (assume the ice would be used by people who want to cool drinks).  Specifically, draw a new supply or demand curve for the products and identify new equilibrium quantity or supply if you think the change in weather would have an impact on any of those measurements. In the clip Kristoff calls Oaken a crook for charging higher prices than he…

One way to promote a new business is to sell a popular item at a massive discount. If Jared were to open a clothing store and sell high-end dress shoes for $100 a pair, he would likely have a line out the door. How would an economist understand the behavior of those standing in line?

What is a barter system?  List major difficulties of the barter system.

Suppose that a country has only two commodities, two factors of production, and no savings. The two commodities are wine (W) and cheese (C) and the two factors of production are capital (K) and labour (L). The country collects the following partial factor taxes:   tKC is a tax on capital used in the production of cheese equal to 20%.   tKW is a tax on capital used in the production of wine equal to 25%.   tLC is a tax on labour used in the production of cheese equal to 20%.   tLW is a tax on labour used in the production of wine equal to 15%.   Which of the following would have the same outcome as the above taxes?   A) Replacing tKW and tKC with a 22.5% tax on capital.   B) Replacing tKC and tLC with a 20% tax on cheese.   C) Replacing tKW and tLW with a 20% tax on wine.   D) Replacing tLW and tLC with a 17.5% tax on labour.   E) All of the above.   Please explain

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