A Major Source of Inefficiency in Barter Economies Is That

question 168

Multiple Choice

A major source of inefficiency in barter economies is that they require

• A)a standard of deferred payment to make trade possible.
• B)a double coincidence of wants in exchange.
• C)more liquid stores of value than do monetary economies.
• D)sufficient supplies of money to finance all transactions.
• E)All of the above are correct.

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Definitions:

Providers of Color

Service providers who identify as non-white, offering a perspective or approach reflective of their cultural background.

Bilingual

The ability to fluently speak and understand two languages.

Overpathologizing

The tendency to interpret or diagnose a person's cultural or social behaviors as symptoms of a psychological disorder inaccurately.

Cultural Differences

Variations in the practices, customs, and views among individuals from different backgrounds, often requiring sensitivity and understanding in diverse settings.