The greater the degree of specialization in the economy,the:
A) easier it is to discover a double coincidence of wants.
B) more feasible is a barter system.
C) less likely it is that monetary exchange will develop.
D) harder it is to negotiate an exchange rate between all pairs of goods.
E) more likely it is that individual consumers are self-sufficient.
Correct Answer:
Verified
Q1: Exchange is necessary in an economy if:
A)output
Q3: Barter was more feasible in primitive societies
Q4: Which of the following statements is true
Q5: The three important functions of money are
Q6: Identify the statement which is true of
Q7: Which of the following best illustrates the
Q8: Which of the following statements is true
Q9: Specialization of labor means that:
A)production requires a
Q10: The earliest type of exchange involved _.
A)coins
B)barter
C)commodity
Q11: The more specialized labor becomes,the:
A)less likely it
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