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.

Recognize the physiological and environmental factors influencing intelligence and intellectual development.

Understand the significance of longitudinal and cross-sectional studies in understanding intelligence over time.

Analyze the implications of intelligence test outcomes for education and social policies.

Explore the effects of stereotype threats and psychological factors on intelligence test performance.

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Currency

The system of money in general use in a particular country, or the physical coins and banknotes that comprise this system.