Andy can't make a deal with Danny. Andy has a Barry Bonds baseball card and would like to trade it to Danny for Danny's Albert Pujols card, but Danny doesn't want a Barry Bonds card. Andy's problem illustrates the drawback to a barter system known as
A)the specialization problem.
B)the double coincidence of wants problem.
C)the many prices problem.
D)the transactions problem.

Question

Quizplus · Accepted Answer

The double coincidence of wants problem refers to the difficulty of finding someone who has what you want and wants what you have in a barter system. In this case, Andy wants Pujols' card but Danny doesn't want Bonds' card, leading to a failure to make a trade.

Andy Can't Make a Deal with Danny