Alonso and Khalil are neighbors. Alonso owns a boat but never uses it. Khalil owns a car that he no longer needs since his son left for college in another state. Alonso needs a car. Alonso and Khalil make an agreement to trade the boat for the car. What is the economic term given to this kind of exchange?
Barter
As the price of jeans rises, American Eagle is likely to _______.
increase production and thus increase the supply
Boise Cascade owns vast acres of land throughout the Pacific Northwest where it grows trees for harvesting to make everything from lumber to build houses to newsprint for newspapers. Which of the following best represents some of the material resources of this business?
Trees, logging trucks, and paper mills.