Multiple Choice
Which of the following statements best describes a barter system of exchange?
A) It involves the trading of goods directly for other goods.
B) It requires the use of money.
C) It does not involve the double coincidence of wants.
D) It developed late in history.
E) It is the most efficient form of exchange.
Correct Answer:
Verified
Correct Answer:
Verified
Q2: Suppose drought destroys many millions of acres
Q93: Money facilitates trade and specialization by<br>A)allowing an
Q116: With a budget of $500 000,a school
Q118: The diagram below shows two production possibilities
Q119: The diagram below shows two production possibilities
Q120: Madeleine allows herself $100 per month for
Q122: In the current Canadian economy,the majority of
Q123: In general,which of the following statements is
Q124: Karl Marx argued that<br>A)centrally planned economies could
Q136: The famous economist who first described the