Multiple Choice
Which of the following is an example of barter?
A) A parent gives a teenager a $10 bill in exchange for her babysitting services.
B) A homeowner gives an exterminator a check for $50 in exchange for extermination services.
C) A barber gives a plumber a haircut in exchange for the plumber fixing the barber's leaky faucet.
D) All of the above are examples of barter.
Correct Answer:
Verified
Correct Answer:
Verified
Q1: A double coincidence of wants<br>A)is required when
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