When is exchange necessary in an economy?
A) if output is to be produced
B) if output is to be consumed
C) if individuals are self-sufficient
D) if labour is specialized
Correct Answer:
Verified
Q1: How is trade facilitated in a barter
Q2: Which of the following best characterizes a
Q4: What did the earliest type of exchange
Q5: Which of the following is NOT a
Q6: How does a barter system work?
A) An
Q7: Under what circumstances would it be less
Q8: Suppose the economy experiences a greater degree
Q9: Which of the following best illustrates the
Q10: Which of the following is most critical
Q11: Which of the following describes barter?
A) Production
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