Consider four survivors on an island. Which of the following pairs of survivors has a double-coincidence of wants?
A) Ron with Alice, and Ron with Lee
B) Alice with Lee
C) Ron with Raymond
D) None of the above are correct.
Correct Answer:
Verified
Q6: Economists use the term "money" to refer
Q7: Which of the following lists is included
Q7: As opposed to a payments system based
Q11: Economists use the word "money" to refer
Q13: When we say that trade is roundabout
Q14: A double coincidence of wants
A)is required when
Q16: Which of the following is an example
Q17: Money
A)is more efficient than barter.
B)makes trades easier.
C)allows
Q18: Economists equate money with
A)individual wealth.
B)income regularly earned.
C)assets
Q135: The existence of money leads to
A)greater specialization
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