In Order for Barter Trades to Occur, There Must Be

question 59

Multiple Choice

In order for barter trades to occur, there must be a

• A) singularity of interests.
• B) bargaining intermediary.
• C) double coincidence of wants.
• D) sufficient supply of cash.

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Definitions:

Price Change

Refers to the variation in the cost of a good or service over time.

Short Run

A period in economics during which at least one input, such as plant size, is fixed and cannot be changed.

Long Run

A period in economics where all factors of production and costs are variable, allowing for complete industry adjustment.

Fixed Inputs

Resources or factors of production that cannot be increased or decreased in the short run, often including capital and land.