Which of the following is necessary to make a trade in a barter economy?
A) money
B) unlimited wants
C) a medium of exchange
D) a coincidence of wants

Question

Quizplus · Accepted Answer

In a barter economy, there is no money as a medium of exchange. Instead, goods and services are directly exchanged between two parties. To make a trade in such an economy, there needs to be a coincidence of wants where both parties desire what the other has to offer. Therefore, the correct answer is D - a coincidence of wants.

Which of the Following Is Necessary to Make a Trade