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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