Double Coincidence of Wants Means

question 10

Multiple Choice

Double coincidence of wants means

• A) two economic agents want to exchange the goods they have.
• B) households prefer to double the quantity of their goods.
• C) households want more of leisure and consumption.
• D) households prefer a diverse set of goods.
• E) two economic agents want different sets of goods.

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Definitions:

Role Specification

The process of defining and clarifying roles or job positions in terms of responsibilities, expectations, and required qualifications.

Norming Stage

The stage in group development where members resolve conflicts, establish norms, and build stronger relationships, leading to a sense of unity and team cohesion.

Interpersonal Relations

The interactions and relationships between individuals within a group or organization.

Task Accomplishment

The successful completion or achieving of specific objectives or tasks set before an individual or team.