In a barter economy with "n'' number of goods there will always be:
A) Exactly "n'' relative prices
B) Fewer than "n'' relative prices
C) More than "n'' relative prices
D) "n''/2 relative prices
Correct Answer:
Verified
Q3: How many prices would a trader of
Q15: As an economy produces more different types
Q16: Money eliminates the need for:
A)A search for
Q17: Specialization usually increases the output of a
Q18: A society without any money:
A)Could never exchange
Q20: The store of value characteristic of money
Q21: Most of the non-cash retail payments made
Q22: Gold would be a superior commodity money
Q24: An individual who stores wealth in art
Q38: U.S.currency is:
A)A commodity money
B)Fiat money
C)Tied to the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents