The Barter System of Exchange Is Inefficient Because

question 120

Multiple Choice

The barter system of exchange is inefficient because

• A)"fair" values cannot be defined without the use of money.
• B)bargaining power is unequal between rich and poor.
• C)the double coincidence of wants may not exist.
• D)markets do not exist.
• E)exchange partners need to know each other.

---

Definitions:

Stereotype Vulnerability

The experience of anxiety or concern in a situation where a person has the potential to confirm a negative stereotype about their social group.

Test Scores

Quantitative values assigned to the performance of individuals on standardized tests or examinations.

Cognitive Load

The total amount of mental effort being used in the working memory.

Reaction Range Model

A concept in genetics and psychology that suggests while genes determine the range of possible outcomes for certain traits, the environment influences where within that range an individual will fall.