When Does Barter Work Best

question 25

Multiple Choice

When does barter work best?  

• A) in the absence of a double coincidence of wants 
• B) when many different products are available in the economy 
• C) when money is readily available to establish relative prices 
• D) when each trader has what the other wants and wants what the other has

---

Definitions:

Iron Triangle

A term describing the policy-making relationship among the congressional committees, the bureaucracy (government agencies), and interest groups.

Government Policy

Refers to the actions taken and strategies implemented by a government to achieve its objectives and manage public affairs.

Political System

The system of government by which a country or community is administered and regulated.

Issue Network

A collaboration of various interest groups and individuals who unite temporarily around a common issue or cause, often influencing public policy or public opinion.