Multiple Choice
Which set of prices would you expect to see (posted,quoted) in a barter economy?
A) 1 horse = 10 pieces of gold; 1 kettle = 1 piece of gold
B) 1 horse = 10 kettles; 1 kettle = 1/10 horse
C) 1 horse = $200; 1 kettle = $20
D) 1 horse = 10 kettles; 1 kettle = 10 apples; 1 apple = 1 orange
E) b and d
Correct Answer:
Verified
Correct Answer:
Verified
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