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Author Question: Which of the following statements best describes a barter system of exchange? (Read 27 times)

jordangardner

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on: Oct 12, 2022

Question 1

If an economy exhibits the specialization of labour, we know that
◦ most production is artisanal in nature.
◦ different individuals are producing different products.
◦ each worker is self-sufficient.
◦ job security is ensured.
◦ a barter economy is more suitable.

Question 2

Which of the following statements best describes a barter system of exchange?
◦ It developed late in history.
◦ It requires the use of money.
◦ It eliminates the transactions costs involved in exchange.
◦ It is the most efficient form of exchange.
◦ It involves the trading of goods directly for other goods.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by jordangardner on Oct 12, 2022

Marys

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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jordangardner

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Reply 2 on: Oct 12, 2022
Excellent

T4T

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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