Under what circumstances would it be less likely that a double coincidence of wants exists and the more likely that a monetary exchange will develop?
A) the fewer the number of goods available in an economy
B) the greater the number of goods available in an economy
C) when are no goods are available in an economy
D) when individuals are producing only the goods they want to consume
Correct Answer:
Verified
Q2: Which of the following best characterizes a
Q3: When is exchange necessary in an economy?
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
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
Q12: Why is barter more feasible in primitive
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