The barter system of exchange is inefficient because
A)exchange partners need to know each other.
B)markets do not exist.
C)"fair" values cannot be defined without the use of money.
D)bargaining power is unequal between rich and poor.
E)the double coincidence of wants may not exist.

Question

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.

The Barter System of Exchange Is Inefficient Because