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Question 9 2 pts involves individuals trading goods they already have or providing services in exchan something they wan O Circular flow model with money ( Barter O Circular flow model O Optimization O Cash exchange Question 10 2 pts Economists use the scientific method and the tools of economics to study
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Answer #1

This is called Barter.

Under this economic activity there is an exchange of goods and services between individuals having the same goods and services. An individual has some goods and services which he trades in exchange for the goods and services he desires as well as are demanded by the other individual.

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