Which of the Following Is NOT a Significant Cost That

question 87

Multiple Choice

Which of the following is NOT a significant cost that a barter system imposes on an economy?

• A)Many prices must be maintained for each good.
• B)Only agricultural goods may be traded.
• C)Specialization of labor is hindered.
• D)The costs arising from the problem of finding two people who each want what the other produces.

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Definitions:

Function

In mathematics, a relation between a set of inputs and a set of permissible outputs with the property that each input is related to exactly one output.

Durable

Refers to goods that are designed to last and not wear out quickly, often used in contrast to consumable goods.

Price Information

Data or details about the cost of goods or services, which helps consumers and businesses make purchasing decisions.

Ocean Liner

A large, passenger ship designed for long-distance voyages, often associated with luxury and transoceanic travel.