The Greater the Number of Different Goods Available in an Economy

question 183

Multiple Choice

The greater the number of different goods available in an economy,

• A)the less likely it is that a double coincidence of wants will exist,and the less likely it is that monetary exchange will develop
• B)the less likely it is that a double coincidence of wants will exist,and the more likely it is that monetary exchange will develop
• C)the more likely it is that a double coincidence of wants will exist,and the less likely it is that monetary exchange will develop
• D)the more likely it is that a double coincidence of wants will exist,and the more likely it is that monetary exchange will develop
• E)the more likely it is that individuals are producing only goods they want to consume

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Definitions:

Negotiable Instrument

A formal paper assuring the disbursement of a specified amount of funds, which could be paid either immediately when requested or at a scheduled time, with the document identifying the payor.

Demand Instrument

A type of draft that allows the payee to demand payment at any time from a holder.

Overdue

Pertaining to something that has not been completed, paid, or returned by its expected or agreed-upon deadline.

Liability

The legal responsibility to settle a debt or compensate for harm caused to someone else, often resulting from actions or negligence.