When Is Exchange Necessary in an Economy

question 40

Multiple Choice

When is exchange necessary in an economy?  

• A) if output is to be produced 
• B) if output is to be consumed 
• C) if individuals are self-sufficient 
• D) if labour is specialized

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Definitions:

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Activities or work performed away from one's residence, often relating to employment or socialization in public or communal spaces.

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A noted American sociologist best known for his work on the theory of social character and the book "The Lonely Crowd", examining changes in American character and society.

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