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Cuba Cuba
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8 years ago
A barter economy refers to a situation in which goods and services are traded for other goods and services, with no money involved in transactions. The major shortcoming of a barter economy is
A) transactions cannot take place without money.
B) the requirement of a double coincidence of wants.
C) government has no way of collecting taxes.
D) goods and services have no way of storing value.
Textbook 
Economic Analysis of Social Issues

Economic Analysis of Social Issues


Edition: 1st
Author:
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IloveChiIloveChi
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8 years ago
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Cuba Author
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#2
8 years ago
I have a major exam next week. Thank you for taking the time to answer. Problem solved.
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#3
8 years ago
Wasn't so hard, referencing the textbook helped.
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