Barter was more feasible in primitive societies than in modern societies because:
A) there was no inflation in primitive societies.
B) there were many goods available for trade in primitive societies,so people could always find the goods that they wanted.
C) specialization was limited and thus there were few goods available for trade in primitive societies.
D) specialization was limited and thus there were many goods available for trade in primitive societies.
E) people in primitive societies had limited wants.
Correct Answer:
Verified
Q1: Exchange is necessary in an economy if:
A)output
Q2: The greater the degree of specialization in
Q4: Which of the following statements is true
Q5: The three important functions of money are
Q6: Identify the statement which is true of
Q7: Which of the following best illustrates the
Q8: Which of the following statements is true
Q9: Specialization of labor means that:
A)production requires a
Q10: The earliest type of exchange involved _.
A)coins
B)barter
C)commodity
Q11: The more specialized labor becomes,the:
A)less likely it
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