In an economy that relies upon barter,
A)trade does not require a double coincidence of wants.
B)scarce resources are allocated just as easily as they are in economies that do not rely upon barter.
C)there is no item in the economy that is widely accepted in exchange for goods and services.
D)All of the above are correct.

Question

Quizplus · Accepted Answer

In a barter economy, there is no widely accepted medium of exchange, so trade requires a double coincidence of wants, meaning each party must have what the other wants.

In an Economy That Relies Upon Barter