The Barter System of Exchange Is Inefficient Because

question 53

Multiple Choice

The barter system of exchange is inefficient because

• A)exchange partners need to know each other.
• B)markets do not exist.
• C)"fair" values cannot be defined without the use of money.
• D)bargaining power is unequal between rich and poor.
• E)the double coincidence of wants may not exist.

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Definitions:

Eating Disorders

Mental disorders characterized by abnormal eating habits that negatively affect a person's physical or mental health.

Thin

Slang for NO.

Accepted

Generally recognized or approved by a significant group or authority.

Cultural Values

The core principles and standards shared by a group, influencing their behaviors, practices, and perceptions of the world.