In a barter system,
A) trade will only occur if there is a double coincidence of wants
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
Q5: Barter works best
A)in the absence of a
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
Q9: As the number of goods and services
Q10: The earliest type of exchange involved _.
A)coins
B)barter
C)commodity
Q11: The greater the degree of specialization in
Q15: Barter is more feasible in primitive societies
Q110: Barter is the exchange of goods and
Q117: To say that money serves as a
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