A barter economy is different from a money economy in that a barter economy
A. encourages specialization and division of labor
B. involves higher costs for each transaction
C. eliminates the need for a double coincidence of wants
D. has only a few assets that serve as a medium of exchange
E. promotes market exchanges
Ans: B. involves higher costs for each transaction
Economics
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a. True b. False Indicate whether the statement is true or false
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