Challenge the Conventional Wisdom

Test the soundness of your economic knowledge. By applying the socratic method, we will question your assumptions and the logic of your reasoning, which will hopefully lead to a better understanding of our economic reality.

24.10.10

Now please choose with which of the following statements you agree with most:

  • The exchange of money on the one hand and a product on the other establishes their equality in terms of value
  • It is possible that a buyer pays more or less for a product than what the seller receives in money units within the same transaction
  • It is possible that the selling price of a product is higher or lower than the money units the seller receives
Posted by Ex Nihilo at 10:03 AM
Email ThisBlogThis!Share to XShare to FacebookShare to Pinterest
Newer Post Older Post Home

Labels

  • Income (1)
  • Money (1)
  • Production (1)
Simple theme. Theme images by Airyelf. Powered by Blogger.