If I trade a ginger snap for a chocolate chip cookie, I am engaging in
A)barter
B)comparative advantage
C)absolute advantage
D)privatization
E)division of labor

Question

Quizplus · Accepted Answer

Barter refers to the exchange of goods or services without the use of money. In this case, the exchange of a ginger snap for a chocolate chip cookie qualifies as barter. The other options (comparative advantage, absolute advantage, privatization, and division of labor) do not accurately describe the exchange.

If I Trade a Ginger Snap for a Chocolate Chip