Identify the statement that is true of a barter system.
A) In a barter system, trade will only occur if there is a double coincidence of wants.
B) In a barter system, an individual offers coins to get a good or service.
C) In a barter system, an individual offers commodity money to get fiat money.
D) In a barter system, different kinds of money are exchanged for one another.
E) In a barter system, individuals are self-sufficient.
Correct Answer:
Verified
Q1: Exchange is necessary in an economy if:
A)output
Q3: Barter was more feasible in primitive societies
Q7: Which of the following best illustrates the
Q8: Barter may be the only alternative _
A)
Q9: What gave rise to money exchanges?
A) self-sufficiency
B)
Q11: The more specialized labor becomes,the:
A)less likely it
Q12: The first step in the evolution of
Q16: Which of the following statements is true
Q17: The greater the number of different goods
Q19: Before specialization:
A)families were largely self-sufficient.
B)families produced much
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents