The Figure Given Below Represents the PPC in Two Nations

question 75

Multiple Choice

The figure given below represents the PPC in two nations - Germany and Korea, producing only two goods, cars and food.Figure 2.4

-Barter requires a double coincidence of wants. This means that:

• A)at least two traders must demand a commodity.
• B)any two traders involved in a transaction must have money.
• C)each trader must demand at least two commodities.
• D)either of the two traders involved in a transaction must have money.
• E)when two traders are involved in a transaction each trader must want what the other has to offer.

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