Which of the following is NOT a significant cost that a barter system imposes on an economy?
A)Many prices must be maintained for each good.
B)Only agricultural goods may be traded.
C)Specialization of labor is hindered.
D)The costs arising from the problem of finding two people who each want what the other produces.

Question

Quizplus · Accepted Answer

The statement "Only agricultural goods may be traded" is not a significant cost that a barter system imposes on an economy. However, the other options listed (maintaining many prices, hindering specialization of labor, and the costs of finding a double coincidence of wants) are all significant costs that barter systems impose.

Which of the Following Is NOT a Significant Cost That