A Major Source of Inefficiency in Barter Economies Is That

question 24

Multiple Choice

A major source of inefficiency in barter economies is that they require:

• A)a standard of deferred payment to make trade possible.
• B)a double coincidence of wants in exchange.
• C)more liquid stores of value than do monetary economies.
• D)All of these options are correct.

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Definitions:

Extreme Stress

A high level of stress that overwhelms an individual's ability to cope, often leading to significant psychological or physical health issues.

Repression

A defense mechanism where unwanted or uncomfortable thoughts, feelings, or desires are excluded from conscious awareness.

Recovered Memories

Memories of past events that were blocked for some period, often traumatic in nature, which resurface later in life.

False Memories

Distorted or fabricated recollections of events that did not actually occur, often influenced by suggestion or the incorporation of new information.