Author Question: For barter exchange to take place, a. there has to be a coincidence of wants. b. the products in ... (Read 87 times)

newbem · **on:** Jun 30, 2018

For barter exchange to take place,
a. there has to be a coincidence of wants.
b. the products in question have to be divisible.
c. money has to be used to put a value on the transaction.
d. there has to be a single coincidence of wants.
e. gold has to be one of the goods traded.

Question 2

International specialization and trade according to the principle of comparative advantage is mutually beneficial for all economies involved.
a. True
b. False
Indicate whether the statement is true or false