Barter was more feasible in primitive societies than in modern societies because:
a. there was no inflation in primitive societies
b. there were many goods available for trade in primitive societies, so people could always find the goods that they wanted.
c. specialization was limited and thus there were few goods available for trade in primitive societies.
d. specialization was limited and thus there were many goods available for trade in primitive societies.
e. people in primitive societies had limited wants.
c
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In economics, the term marginal refers to:
a. the change or difference from a current situation. b. man-made resources as opposed to natural resources. c. the satisfaction a consumer receives from a good. d. holding everything else constant in the analysis.
The GDP of an economy is equal to the sum of the values of its consumption expenditure, investment expenditure, government expenditure, exports, and imports
a. True b. False Indicate whether the statement is true or false