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Andrewand Timmy Are Neighbors

Question 157

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Andrewand Timmy are neighbors.Andrew owns a boat but never uses it.Timmy owns a car that he no longer needs since his son left for college in another state.Andrew needs a car.Andrew and Timmy make an agreement to trade the boat for car.What is the economic term given to this kind of exchange?


A) Barter.
B) Buying and selling.
C) Bargained-for exchange.
D) Replevin.

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