Which of the following is the main problem with the barter system of exchange?
A) It encourages self-interest.
B) It fosters the division of labor.
C) It requires a coincidence of wants.
D) It undermines the right to bequeath.

Question

Quizplus · Accepted Answer

The main problem with the barter system is that it requires a coincidence of wants, which means that two parties must have goods or services that the other party desires at the same time in order for an exchange to occur. This can be very difficult to achieve and often leads to inefficient and time-consuming transactions.

Which of the Following Is the Main Problem with the Barter