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There Are Three Goods Produced in an Economy by Three

Question 92

Essay

There are three goods produced in an economy by three individuals:
Good Producer
Oranges Orchard owner
Bread Baker
Chocolate Candy Maker
If the orchard owner likes only bread, the baker likes only chocolate, and the candy maker likes only oranges, will any trade between these three persons take place in a barter economy? Explain.

Correct Answer:

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Yes, but this is a good example of the h...

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