You and a friend run into each other on the street, and you see that he is carrying a fish that he has just caught.You would love to take that fish home and cook it to make your wife happy.You and your friend agree that the fish is equivalent to the corn you are carrying in your bag.The two of you then exchange the fish for the corn before heading off to your respective homes.What is this an example of?

Question

Quizplus · Accepted Answer

This is an example of market pricing, where goods or services are exchanged based on perceived equal value, in this case, the fish for the corn.

You and a Friend Run into Each Other on the Street