A Double Coincidence of Wants

question 1

Multiple Choice

A double coincidence of wants

• A)is required when there is no item in an economy that is widely accepted in exchange for goods and services.
• B)is required in an economy that relies on barter.
• C)is a hindrance to the allocation of resources when it is required for trade.
• D)All of the above are correct.

---

Definitions:

Ethnicity

Ethnicity refers to the shared cultural, linguistic, or ancestral traits that group people together, differentiating them from other groups.

Race

A categorization of humans based on shared physical or social qualities into groups generally viewed as distinct within a given society.

Women With MBAs

Refers to female individuals who have earned Master of Business Administration degrees, highlighting their advanced education in business management.

Earn Less

Receiving a lower income or fewer financial rewards compared to others in similar positions or roles.