In a barter system,
A) it is difficult to keep track of the relative values of goods and services
B) an individual offers money to get a good or service
C) an individual offers a good or service to get money
D) different kinds of money are exchanged for each other
E) individuals are self-sufficient
Correct Answer:
Verified
Q1: Exchange is necessary in an economy if:
A)output
Q9: As the number of goods and services
Q10: The earliest type of exchange involved _.
A)coins
B)barter
C)commodity
Q15: Barter is more feasible in primitive societies
Q16: Which of the following best illustrates the
Q19: Under a system of barter,
A)no rates of
Q20: Specialization of labor means that
A)production requires a
Q21: Suppose that corn is the unit of
Q22: The unit of account function of money
A)all
Q117: To say that money serves as a
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