Which Set of Prices Would You Expect to See (Posted,quoted)in

question 118

Multiple Choice

Which set of prices would you expect to see (posted,quoted) in a barter economy?

• A) 1 horse = 10 pieces of gold; 1 kettle = 1 piece of gold
• B) 1 horse = 10 kettles; 1 kettle = 1/10 horse
• C) 1 horse = $200; 1 kettle = $20
• D) 1 horse = 10 kettles; 1 kettle = 10 apples; 1 apple = 1 orange
• E) b and d