The economy of Atlantis produces just ten goods and services;if it were a money economy there would be _____ prices;if it were a barter economy there would be _____ prices.

Question

Quizplus · Accepted Answer

In a money economy, each good or service would have a price in terms of money, leading to 10 prices. In a barter economy, each good or service could be exchanged for every other good or service, leading to more than 10 prices due to the numerous exchange rates between goods.

The Economy of Atlantis Produces Just Ten Goods and Services;if