How many prices would a trader of a particular good need to know in a barter economy with 5 goods?
A) 5
B) 10
C) 20
D) 50
Correct Answer:
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Q1: A society without any money:
A) could never
Q2: In a barter system people:
A) have to
Q4: As an economy produces more different types
Q5: While money is an asset not all
Q6: Suppose that in a barter economy Tom
Q7: The unit of account characteristic of money:
A)
Q8: Specialization usually increases the output of a
Q9: The high transaction costs associated with a
Q10: Without the use of money, workers in
Q11: Which of the following would not be
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