Consider five individuals with different occupations. If this economy has money
A) Allen will buy from Betty
B) Betty will buy from Calvin
C) Eric will buy from Allen
D) None of the above are correct.

Question

Consider five individuals with different occupations.  If this economy has money
A) Allen will buy from Betty 
B) Betty will buy from Calvin 
C) Eric will buy from Allen 
D) None of the above are correct.

Quizplus · Accepted Answer

Betty's occupation is not specified, so we can assume that she is a seller of goods or services. Calvin, who is also not specified, must be another seller. If they both have goods or services that the other wants or needs, they can engage in a transaction mediated by money. Since Allen's occupation is also not specified, we cannot assume that he has anything to offer in this scenario, and therefore he is unlikely to engage in a transaction with either Betty or Eric. Similarly, Eric may not have anything that Allen or Betty want or need, making transactions less likely.

Consider Five Individuals with Different Occupations