For barter exchange to take place,

A. the products in question have to be divisible.
B. money has to be used to put a value on the transaction.
C. there has to be a double coincidence of wants.
D. gold has to be one of the goods traded.


Answer: C. there has to be a double coincidence of wants.

Economics

You might also like to view...

A slowing U.S. economy and increased enforcement of immigration laws will reduce ________ factors for Mexican immigration to the United States

A) demand growth B) demand pull C) supply push D) supply growth E) network

Economics

Supply-side economics stress that: a. aggregate demand is the major determinant of real output and aggregate employment

b. tax rates are not a major determinant of real output and aggregate employment. c. an increase in government expenditures financed by higher tax rates will cause RGDP to rise. d. marginal tax rate changes can exert a significant impact on RGDP, even in the long run.

Economics

Using contingency theory, in a highly unstructured task

A. There would usually be several ways to do something. B. There would be a structure in place. C. Rules would be clear. D. Completion is obvious. E. Your boss would verify that you did it correctly.

Economics

If people prefer to consume goods now rather than in the future, how does anyone save money?

Economics