In a Simple Economy, One Family May Produce Only Cooking

question 324

Multiple Choice

In a simple economy, one family may produce only cooking pots, but many of them. Others may specialize in farming, making clothing, and building shelters. This

• A) shows why "discrepancies of assortment" occur.
• B) is so simple that the universal functions of marketing don't have to be done.
• C) cannot work without an intermediary.
• D) is an example of "separation in values" since the different families choose to produce different things.