Multiple Choice
A double coincidence of wants
A) is required when there is no item in an economy that is widely accepted in exchange for goods and services.
B) is required in an economy that relies on barter.
C) is a hindrance to the allocation of resources when it is required for trade.
D) All of the above are correct.
Correct Answer:
Verified
Correct Answer:
Verified
Q2: Which of the following is an example
Q3: When we say that trade is roundabout
Q5: Consider five individuals with different <br><img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg"
Q6: David and Asher buy the same pair
Q7: The existence of money<br>A)reduces specialization.<br>B)makes trade easier.<br>C)allows
Q8: Consider the following traders who meet.<br><img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg"
Q9: Consider four survivors on an island.<br><img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg"
Q10: Money<br>A)is more efficient than barter.<br>B)makes trades easier.<br>C)allows
Q11: As opposed to a payments system based
Q59: The existence of money leads to<br>A)greater specialization