In a barter economy,
A) money trades for goods, goods trade for services, and services trade for money.
B) goods and services trade for other goods and services.
C) some goods are more readily accepted in exchange than others.
D) making exchanges takes less time (on average) than in a money economy.
E) b and c
E
You might also like to view...
Suppose the price of coffee falls. Other things constant, what will not happen?
A) People will consume more coffee. B) People will consume more cream. C) The demand for coffee will rise. D) The demand for cream will fall. E) More people will now consider drinking bottled water.
Why would a candidate for political office speak in general instead of specific terms?
A) Because he or she believes voters want to hear generalities, not specifics. B) Because he or she believes voters are too busy to listen to specifics. C) Because he or she believes that specifics are too likely to label him or her as a member of an extreme-wing, and politically this would be undesirable. D) Because it is cheaper to get the message out if it is worded in general instead of specific terms.