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Author Question: Which of the following factors causes the barter system to be inefficient? (Read 87 times)

mpobi80

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on: Apr 19, 2019

Question 1

Jacob makes excellent tamales and Amanda is very good at mowing lawns. Amanda agrees to mow Jacob's lawn, if he makes her a dozen tamales. This is an example of


◦ legal tender.
◦ barter.
◦ commodity money.
◦ fiat money.

Question 2

Which of the following factors causes the barter system to be inefficient?


◦ Its cost of transaction is too low.
◦ The cost associated with information search is too low.
◦ It requires a double coincidence of wants.
◦ It requires high liquidity.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by mpobi80 on Apr 19, 2019

tandmlomax84

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Reply #1 on: Apr 19, 2019
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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mpobi80

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Reply #2 on: Apr 19, 2019
Excellent


tandmlomax84

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Reply #3 on: Apr 19, 2019
Great! Please up vote :D


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