Which of the Following Is the Main Problem with the Barter

question 67

Multiple Choice

Which of the following is the main problem with the barter system of exchange?

• A) It encourages self-interest.
• B) It fosters the division of labor.
• C) It requires a coincidence of wants.
• D) It undermines the right to bequeath.

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Definitions:

Firm

A business organization, such as a corporation, partnership, or sole proprietorship, that sells goods or services to make a profit.

Producing

The act or process of creating goods or services using inputs like labor, materials, and machines.

Maximum Weekly Profit

The highest amount of financial gain a business can achieve in one week, based on its revenue and costs.

Market Price

The existing cost at which a service or asset is available for purchase or sale on the open market.