The High Transaction Costs Associated with a Barter System Refers

question 87

Multiple Choice

The high transaction costs associated with a barter system refers to the:

• A) fact that, often times, these exchanges are taxed by governments.
• B) risk associated with having to carry an inventory of goods to trade.
• C) high cost associated with finding someone with whom to exchange.
• D) cost of drawing up complete contracts.

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Definitions:

Trans

A term used to describe individuals whose gender identity differs from the sex they were assigned at birth.

Cisgender

A term for individuals whose gender identity matches the sex they were assigned at birth.

Biological Sex

The classification of organisms, typically as male or female, based on their reproductive organs and functions derived from chromosomal complement.

Gender Dysphoria

Psychological distress experienced by someone whose gender identity differs from their sex assigned at birth.