The concept of double coincidence of wants refers to the fact that:
a. for a financial asset to be exchanged, it needs to be priced correctly.
b. for barter to take place, both parties must accept what the other party has to offer.
c. people can never exactly agree on an equilibrium price.
d. different people value goods differently.
e. for barter to take place, both parties must have equal quantities of the same good.
b
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An increase in a retailer's "overhead expenses"
A) compels the retailer to raise prices. B) enables the retailer to raise prices. C) makes it profitable for the retailer to raise prices. D) does not in itself make higher prices necessary, possible, or profitable.
When the government has a surplus, as occurred in the late 1990s, the ________ curve of bonds shifts to the ________, everything else held constant
A) supply; right B) supply; left C) demand; right D) demand; left
Monetarists maintain that the increase in the money supply can explain the inflation of the 1970s and 1980s when one considers the bonds purchased by the Fed to finance the federal deficits of the period
Indicate whether the statement is true or false
Many auction sites, such as eBay, provide a reputation score by which previous customers can rate a seller. Which of the following characteristics of a competitive market is this policy trying to emulate?
A) There is freedom of entry and exit. B) There are very low transaction costs. C) There are only one or two sellers. D) Buyers have more complete information.