The Greater the Number of Different Goods Available in an Economy

question 183

Multiple Choice

The greater the number of different goods available in an economy,

• A)the less likely it is that a double coincidence of wants will exist,and the less likely it is that monetary exchange will develop
• B)the less likely it is that a double coincidence of wants will exist,and the more likely it is that monetary exchange will develop
• C)the more likely it is that a double coincidence of wants will exist,and the less likely it is that monetary exchange will develop
• D)the more likely it is that a double coincidence of wants will exist,and the more likely it is that monetary exchange will develop
• E)the more likely it is that individuals are producing only goods they want to consume

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Definitions:

Historical Cost

The original monetary value of an asset or liability as recorded at the time of acquisition, not adjusted for inflation or market changes.

Historical Rate of Exchange

The exchange rate that was in effect at the time of a past transaction.

Foreign Currency Units

Units of currency used in a country other than one's own, representing money from foreign nations.

Noncurrent Liability

Long-term financial obligations listed on a company’s balance sheet that are not due within the next 12 months.