FIGURE 1- 1
With a budget of $200 million,the government can choose to purchase 4 helicopters or repair 200 km of highway.

-The barter system of exchange is inefficient because

Question

FIGURE 1- 1
With a budget of $200 million,the government can choose to purchase 4 helicopters or repair 200 km of highway.
 
-The barter system of exchange is inefficient because

Quizplus · Accepted Answer

The barter system is inefficient primarily because it requires a double coincidence of wants, meaning both parties must have what the other wants and be willing to trade for it.

FIGURE 1- 1 with a Budget of $200 Million,the Government Can Choose to Can