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The Figure Given Below Represents the PPC in Two Nations

Question 20

Multiple Choice

The figure given below represents the PPC in two nations - Germany and Korea, producing only two goods, cars and food.Figure 2.4
The figure given below represents the PPC in two nations - Germany and Korea, producing only two goods, cars and food.Figure 2.4    -Barter requires a double coincidence of wants. This means that: A) at least two traders must demand a commodity. B) any two traders involved in a transaction must have money. C) each trader must demand at least two commodities. D) either of the two traders involved in a transaction must have money. E) when two traders are involved in a transaction each trader must want what the other has to offer.
-Barter requires a double coincidence of wants. This means that:


A) at least two traders must demand a commodity.
B) any two traders involved in a transaction must have money.
C) each trader must demand at least two commodities.
D) either of the two traders involved in a transaction must have money.
E) when two traders are involved in a transaction each trader must want what the other has to offer.

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