Author Question: Barter is a. illegal in the United States b. an efficient system of exchange c. most useful when ... (Read 63 times)

go.lag · **on:** Jul 1, 2018

Barter is
a. illegal in the United States
b. an efficient system of exchange
c. most useful when there is much specialization and international trade
d. only possible if money is used as a medium of exchange
e. the direct exchange of goods, without the use of money

Question 2

Money facilitates trade because
a. it eliminates the need for specialization
b. it prevents people from taking advantage of each other
c. it serves as a medium of exchange
d. division of labor allows money to be produced at a lower cost
e. people do not benefit from barter unless money is used