A Problem with Barter Exchange When There Are Many Goods

question 74

Multiple Choice

A problem with barter exchange when there are many goods is that in a barter system

• A) transactions costs are minimized.
• B) there exists a multiple number of prices for each good.
• C) there is only one store of value.
• D) exchange of services is impossible.

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Definitions:

Fading

The gradual change of the stimulus controlling a response, such that the response eventually occurs to a partially changed or completely new antecedent stimulus.

Stimulus

Any object, event, or factor that elicits or is capable of eliciting a response from a sensory system or an organism.

Controlling

Exercising authority or influence over a situation or individual to dictate or direct outcomes.

Negative Reinforcement

A process in behavior modification where the removal of an unfavorable outcome or stimulus strengthens the likelihood of a desired behavior.