Barter works best
A) in the absence of a double coincidence of wants
B) when many different products are available in the economy
C) when money is readily available to establish relative prices
D) when each trader has what the other wants and wants what the other has
E) in highly developed economies with extensive specialization of labor
Correct Answer:
Verified
Q1: In a barter system,
A)an individual offers one
Q3: The more specialized labor is,
A)the less likely
Q4: The greater the number of different goods
Q6: Which of following is not an important
Q7: Which of the following is not a
Q8: Specialization of labor means that
A)production requires a
Q10: In a barter system,
A)trade will only occur
Q11: The greater the degree of specialization in
Q18: Barter is the direct exchange of goods
Q110: Barter is the exchange of goods and
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