When compared to exchange systems that rely on money,disadvantages of the barter system include
A)the requirement of a double coincidence of wants.
B)lowering the cost of exchanging goods over time.
C)lowering the cost of exchange to those who would specialize.
D)encouraging specialization and the division of labor.

Question

Quizplus · Accepted Answer

The requirement of a double coincidence of wants means that two parties must have goods or services that the other desires and wants to exchange. This can make finding a trade partner difficult and time-consuming, which is a significant disadvantage compared to exchange systems that rely on money. The other options listed are advantages of the barter system.

When Compared to Exchange Systems That Rely on Money,disadvantages of the Barter