The Biggest Disadvantage of a Barter System Compared to One

question 79

Multiple Choice

The biggest disadvantage of a barter system compared to one that uses money is that

• A)it is difficult to find goods to trade in a barter system that satisfy the needs of society.
• B)a standardized unit of account cannot exist in a barter system.
• C)all commodities are difficult to transport and therefore inefficient for exchange.
• D)each trade requires a double coincidence of wants.
• E)commodities are difficult to use as a store of value.

---

Definitions:

Integrative Bargaining

A negotiation strategy where all parties collaborate to find mutually beneficial solutions, focusing on common interests rather than competing demands.

Standards for Decision Making

Established criteria or principles that guide the judgment and choices made by individuals or organizations when faced with decisions.

Fundamental Interests

Core concerns or priorities that are of utmost importance to an individual or group.

Modified Integrative Bargaining

A negotiation strategy that combines both cooperative and competitive bargaining tactics to achieve mutually beneficial outcomes for all parties involved.