An economy without monetary exchange is called
A)a barter economy.
B)an autarky economy.
C)a socialist economy.
D)a perfectly competitive economy.
E)a primitive economy.

Question

Quizplus · Accepted Answer

A barter economy is an economy without monetary exchange where goods and services are traded directly for other goods and services. An autarky economy refers to an economy that does not engage in international trade, while a socialist economy is characterized by government ownership and control of the means of production. A perfectly competitive economy is one in which firms compete against each other for market share, but monetary exchange is still present. A primitive economy refers to an economy that is based on traditional methods of production and exchange, but monetary exchange may still be present.

An Economy Without Monetary Exchange Is Called