Which of the Following Is an Example of Barter Where

question 43

Multiple Choice

Which of the following is an example of barter where the double coincidence of wants may NOT always occur?

• A) An individual uses tobacco to buy everything, and tobacco is an item that all merchants willingly accept.
• B) An individual uses fiat money to buy everything, and fiat money is an item all merchants willingly accept.
• C) An individual wants to buy a new set of tires using seashells from a merchant who needs seashells.
• D) All merchants price goods in terms of number of seashells.
• E) All merchants price goods in terms of amount of fiat money.

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Definitions:

South of Alaska

A geographic region located to the south of Alaska, characterized by a variety of landscapes including coastal areas, forests, and mountains.

Mid-Ocean Ridge

A submerged chain of mountains created by the movements of tectonic plates, where volcanic processes generate new sea floor.

Magnetic Stripes

Patterns of magnetic anomalies found on the ocean floor, parallel to mid-ocean ridges, that record reversals of the Earth's magnetic field.

Triple Junction

The place where three tectonic plates, and three plate-tectonic boundaries, meet.