Barter Is an Inefficient Means of Exchange Because

question 65

Multiple Choice

Barter is an inefficient means of exchange because

• A) barter transactions require a double coincidence of wants.
• B) barter only occurs in relatively primitive economies.
• C) in a barter transaction only one party needs to want what the other party has to sell.
• D) demand will not necessarily equal supply.

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Definitions:

Out-Group

A group that an individual does not belong to or identify with, often viewed with indifference, suspicion, or hostility relative to the in-group.

Post-Merger Behavior

Pertains to actions, attitudes, and adjustments of organizations and their personnel after two or more companies have merged.

High-Status

refers to the position of an individual or group that is considered superior in rank, esteem, or authority within a social hierarchy.

Bias Against

Prejudice or unfairness towards someone or something based on preconceived notions.