The greater the degree of specialization in the economy, the:
a. easier it is to discover a double coincidence of wants
b. more feasible is a barter system.
c. less likely it is that monetary exchange will develop.
d. harder it is to negotiate an exchange rate between all pairs of goods.
e. more likely it is that individual consumers are self-sufficient.
d
You might also like to view...
The elasticity of demand for Dell computers is probably
A) inelastic and smaller than the elasticity of demand for computers overall. B) elastic and smaller than the elasticity of demand for computers overall. C) inelastic but larger than the elasticity of demand for computers overall. D) elastic and larger than the elasticity of demand for computers overall.
Refer to Figure 4.2. A shift from D2 to D1 will result from which of the following?
A) an increase in expected future profits B) an increase in net exports C) an increase in corporate taxes D) a decrease in tax credits for savings