Barter Works Best When

question 78

Multiple Choice

Barter works best when:

• A)there is an absence of a double coincidence of wants.
• B)many different products are available in the economy.
• C)money is readily available to establish relative prices.
• D)each trader has what the other wants and wants what the other has.
• E)highly developed economies achieve extensive specialization of labor.

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Definitions:

Social Inequalities

Disparities in wealth, opportunities, and social status among individuals or groups in a society.

Radical

Referring to ideas, beliefs, or actions that are far-reaching or revolutionary, aiming at fundamental change.

Ecological

Ecological relates to the study of ecosystems and the interactions among organisms and their environments, emphasizing the importance of natural processes and conservation.

Organized Programs

Structured and planned initiatives, usually designed to achieve specific goals or outcomes, often related to education, health, or social services.