American Airlines traded eight 747s for twelve DC-10s owned by United Airlines. This transaction is an example of
A) barter.
B) ancient trading.
C) the domestic system.
D) the factory system.
E) an unequal exchange of goods.

Question

Quizplus · Accepted Answer

The transaction between American Airlines and United Airlines is an example of barter, which involves exchanging goods or services without the use of money. In this case, American Airlines traded 8 Boeing 747s for 12 McDonnell Douglas DC-10s owned by United Airlines.

American Airlines Traded Eight 747s for Twelve DC-10s Owned by United