A Double Coincidence of Wants

question 1

Multiple Choice

A double coincidence of wants

• A)is required when there is no item in an economy that is widely accepted in exchange for goods and services.
• B)is required in an economy that relies on barter.
• C)is a hindrance to the allocation of resources when it is required for trade.
• D)All of the above are correct.

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Definitions:

Media Richness

Refers to the ability of a communication medium to effectively convey information and promote understanding.

Self-disclosure

The act of revealing personal information to others to foster deeper connections and understanding.

Acoustic

Relating to sound or the science of sound, especially as it is transmitted in air.

Social Media

Digital platforms that allow users to create, share, or exchange information, ideas, and content in virtual communities and networks.