The greater the degree of specialization in the economy, the _____
A) easier it is to discover a double coincidence of wants.
B) more feasible a barter system is.
C) less likely it is that monetary exchange will develop.
D) harder it is to negotiate an exchange rate between all pairs of goods.
E) more likely it is that individual consumers are self-sufficient.
Correct Answer:
Verified
Q1: Exchange is necessary in an economy if:
A)output
Q3: Barter was more feasible in primitive societies
Q4: Which of the following statements is true
Q9: Specialization of labor means that:
A)production requires a
Q12: The first step in the evolution of
Q16: Specialization of labor means that _
A) production
Q17: The greater the number of different goods
Q18: With the emergence of specialization, _ was
Q21: The unit of account function of money
Q36: Commodity money is something:
A)that has no intrinsic
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