A Major Source of Inefficiency in Barter Economies Is That

question 157

Multiple Choice

A major source of inefficiency in barter economies is that they require

• A)a standard of deferred payment to make trade possible.
• B)a double coincidence of wants in exchange.
• C)more liquid stores of value than do monetary economies.
• D)All of the above are correct.

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Definitions:

Dim Light

Low-level lighting that is not bright or glaring.

Vision

The ability to see; the sense mediated by the eyes that allows for the perception of light, color, and depth.

Vitreous Body

The transparent gel-like substance filling the eye between the lens and the retina, providing it with its spherical shape.

Aqueous Humor

A clear, watery fluid found between the lens and the cornea of the eye, providing nutrition and maintaining intraocular pressure.