A Monetary System Is Preferable Over the Barter System Because

question 96

Multiple Choice

A monetary system is preferable over the barter system because of the problems associated with

• A) cash leakages.
• B) the double coincidence of wants.
• C) the law of diminishing marginal utility.
• D) the law of increasing relative costs.

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Definitions:

Person-centered

A therapeutic approach developed by Carl Rogers focusing on an individual's capacity for self-direction and understanding of his or her own development.

Gestalt

A theory that proposes objects are viewed holistically, emphasizing the whole is greater than the sum of its parts.

Behavioral

Pertaining to observable actions or responses in humans or animals.

Psychoanalytic

Pertaining to a psychological theory and therapeutic method developed by Sigmund Freud, focusing on unconscious motives and conflicts.