The Problem of a Double Coincidence of Wants Refers to

question 83

Multiple Choice

The problem of a double coincidence of wants refers to

• A)the insatiability of wants in a free market economy.
• B)poorly-managed companies producing what consumers want only by coincidence.
• C)the necessity in a barter system of each trading partner wanting what the other has to trade.
• D)the likelihood that needs will not be the same as wants.

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Definitions:

Didactic Approach

An instructional method that focuses on teaching by lecture or direct instruction, often in a moralistic or instructive manner.

Multistep Processes

Tasks or operations that involve several stages or phases to complete.

Perspective-taking

The act of viewing a situation or understanding a concept from an alternative point of view.

Outside In

A perspective or approach that starts with external factors or contexts to understand internal states or behaviors.