Which of the following is the most efficient means of trade?
A) barter
B) money
C) government rationing
D) the combination of barter with some government rationing

Question

Quizplus · Accepted Answer

Money is considered the most efficient means of trade because it allows for the smooth exchange of goods and services without the limitations of barter or government rationing. Money serves as a medium of exchange, unit of account, and store of value, making transactions easier and more flexible. Barter requires finding someone willing to trade the desired item or service, which can be difficult if there is no mutual need. Government rationing involves limitations on resources allocated to individuals or groups, which may not always result in an equitable or efficient distribution.

Which of the Following Is the Most Efficient Means of Trade