Which of the Following Statements Best Describes a Barter System

question 70

Multiple Choice

Which of the following statements best describes a barter system of exchange?

• A)It involves the trading of goods directly for other goods.
• B)It requires the use of money.
• C)It eliminates the transactions costs involved in exchange.
• D)It developed late in history.
• E)It is the most efficient form of exchange.

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Definitions:

Positive Reinforcement

The strengthening of a response (increases in frequency) because it is followed by the arrival of a (presumably) pleasant stimulus.

Unrealistic Optimism

The belief that positive outcomes are more probable and negative outcomes are less probable for oneself compared to others, often ignoring statistical reality.

Risky Behaviors

Behaviors that expose individuals to harm or significant risk of harm.

Hardiness

A character quality marked by toughness and the capacity to withstand harsh situations.