Which of the Following Best Illustrates the Double Coincidence of Wants

question 186

Multiple Choice

Which of the following best illustrates the double coincidence of wants?

• A)Both Tom and Jerry would like to purchase the same good.
• B)Tom has something he's willing to trade to Jerry; Jerry has something he's willing to trade to Tom.
• C)Tom and Jerry have very similar tastes; hence,Tom's wants coincide with Jerry's.
• D)Tom has something he's willing to trade to Jerry,who wants it; Jerry has something he's willing to trade to Tom,who wants it.
• E)Tom has something Jerry wants; Jerry has something Tom wants.

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Definitions:

Defined-contribution Plans

A type of retirement plan where an employer, employee, or both make contributions on a regular basis, but future benefits depend on the investment's performance.

Employee Compensation

The total amount of monetary and non-monetary pay provided to an employee by an employer in return for work performed.

Nature of Benefits

The inherent advantages or positive outcomes that come from certain actions, policies, or products.

Family-friendly Benefits

Workplace policies that accommodate employees' needs for child care, parental leave, and other family-related matters.