The more specialized labor becomes,the:
A)less likely it is that a double coincidence of wants will exist,and the less likely it is that monetary exchange will develop.
B)less likely it is that a double coincidence of wants will exist,and the more likely it is that monetary exchange will develop.
C)more likely it is that a double coincidence of wants will exist,and the less likely it is that monetary exchange will develop.
D)more likely it is that a double coincidence of wants will exist,and the more likely it is that monetary exchange will develop.
E)more likely it is that the individual is producing only what he or she wants to consume.

Question

Quizplus · Accepted Answer

As labor becomes more specialized, individuals become more dependent on others for goods and services they do not produce themselves. This makes the likelihood of finding a double coincidence of wants (when two parties have what the other wants) less likely. Therefore, individuals are more likely to use monetary exchange as a means of acquiring the goods and services they need.

The More Specialized Labor Becomes,the