A major shortcoming of a barter economy is
A) the requirement of specialization and exchange.
B) that money loses value over time from inflation.
C) the requirement of a double coincidence of wants.
D) that most goods and services cannot be traded.
C
You might also like to view...
In an oligopoly, output is
A) less than the output in monopoly. B) greater than the output in perfect competition. C) in all circumstances the same as the output in perfect competition. D) somewhere between the output in monopoly and that in perfect competition outcomes. E) in all circumstances the same as the output in monopoly.
Which of the following would most likely NOT be included in the liquidity approach to defining the money supply?
A) savings deposits B) money market mutual fund accounts C) corporate bonds D) traveler's checks
Which of the following is true?
a. A budget deficit will have no impact on the national debt. b. A budget deficit will increase the national debt. c. A balanced budget will increase the national debt. d. A budget surplus will increase the national debt.
About how much of the tax is paid by consumers in the form of higher prices?
A. 2 cents
B. 8 cents
C. 12 cents
D. 18 cents