When Compared to Exchange Systems That Rely on Money,disadvantages of the Barter

question 66

Multiple Choice

When compared to exchange systems that rely on money,disadvantages of the barter system include

• A)the requirement of a double coincidence of wants.
• B)lowering the cost of exchanging goods over time.
• C)lowering the cost of exchange to those who would specialize.
• D)encouraging specialization and the division of labor.

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Definitions:

Mantle-Derived Magmas

Magma that originates from the melting of the Earth's mantle, leading to volcanic activity.

Continental Crust

The layer of igneous, sedimentary, and metamorphic rocks that forms the continents and continental shelves, characterized by its thickness and composition distinct from oceanic crust.

Mafic Basalt

A type of basaltic rock that is rich in magnesium and iron, characterized by its dark color and low silica content.

Decompression Melting

The melting of rock due to a decrease in pressure as it rises towards the Earth's surface, a common mechanism at mid-ocean ridges and mantle plumes.