What Is a Problem with Barter That Makes It So

question 370

Multiple Choice

What is a problem with barter that makes it so difficult to use?

• A)Individuals have to produce something to trade with.
• B)Barter requires a double coincidence of wants.
• C)Barter is very efficient but illegal because it avoids taxation.
• D)Barter requires use of only fiat money.
• E)Barter omits the store of value role for money.

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Definitions:

Learning Disability

A neurological condition that affects a person's ability to receive, process, store, or respond to information, causing difficulties with learning.

Instrumental Conditioning

A learning process through which the strength of a behavior is modified by reinforcement or punishment; also known as operant conditioning.

Respondent Conditioning

A form of learning in which a stimulus becomes associated with a consequence, also known as classical conditioning.

Classical Conditioning

A learning process that occurs when two stimuli are repeatedly paired; a response that is at first elicited by the second stimulus is eventually elicited by the first stimulus alone.