The "Coincidence of Wants" Problem Associated with Barter Refers to the Fact

question 157

Multiple Choice

The "coincidence of wants" problem associated with barter refers to the fact that

• A) for exchange to occur, each seller must have a product that some buyer wants.
• B) money must be used as a medium of exchange or trade will never occur.
• C) specialization is restricted by the size or scope of a market.
• D) buyers in resource markets and sellers in product markets can never engage in exchange.

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