Which of the Following Factors Causes the Barter System to Be

question 120

Multiple Choice

Which of the following factors causes the barter system to be inefficient?

• A) Its cost of transaction is too low.
• B) The cost associated with information search is too low.
• C) It requires a double coincidence of wants.
• D) It requires high liquidity.

Understand the concept of a standard normal distribution.

Calculate percentages associated with specific z-scores in a standard normal distribution.

Identify z-scores corresponding to specific percentiles in the distribution.

Interpret graphical representations of normal distributions to find percentages or probabilities.

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Definitions:

Revenue Model

The strategy or method a business uses to generate income or revenue, detailing the sources of revenue, pricing methodologies, and target consumer segments.

Create

To bring something into existence; to generate or produce an idea, product, or solution.

Razor-And-Razor-Blade

A business model where a company sells a durable product at a low price (razor) and then sells consumable products that are needed to use the initial product (razor blades) at a higher margin.

Printer-And-Ink

A common business model in the printing industry where printers are sold at a low cost and the recurring revenue is generated through the sales of ink cartridges.