Barter Was More Feasible in Primitive Societies Than in Modern

question 19

Multiple Choice

Barter was more feasible in primitive societies than in modern societies because:

• A)there was no inflation in primitive societies.
• B)there were many goods available for trade in primitive societies,so people could always find the goods that they wanted.
• C)specialization was limited and thus there were few goods available for trade in primitive societies.
• D)specialization was limited and thus there were many goods available for trade in primitive societies.
• E)people in primitive societies had limited wants.

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Definitions:

Resource Acquisition

The process by which firms obtain necessary inputs and resources to carry out their operations.

Productivity

The measure of how efficiently production inputs, such as labor and capital, are converted into outputs, or goods and services.

Turnover

Refers to people leaving their jobs, whether voluntarily or involuntarily (i.e., through firings).

Absenteeism

The habitual non-presence of an employee at their job, which can include both justified absences, such as illness, and unjustified absences.