In a barter economy,people are _________ to specialize in the production of one good or service,compared to in a money economy.

Question

Quizplus · Accepted Answer

In a barter economy, the lack of a common medium of exchange (money) makes it more difficult for individuals to trade goods and services efficiently. This inefficiency discourages specialization because individuals must find direct barter partners who want what they have and have what they want, which is less efficient than in a money economy where money facilitates trade and specialization.

In a Barter Economy,people Are _________ to Specialize in the Production