Joe produces flower pots and wants some apples. If Joe lives where barter exchange (rather than monetary exchange) is used, then he must find a trading partner who both has apples to trade and also wants flower pots. Economists would say that Joe must find a _____ in a trading partner.
A) double fiat match
B) coincidental match
C) fiat condition
D) double coincidence of wants

Question

Quizplus · Accepted Answer

Joe must find a "double coincidence of wants" in a trading partner, meaning he needs to find someone who not only has the apples he wants but also desires the flower pots he has to offer. This term describes a situation in barter economies where each party has something the other wants.

Joe Produces Flower Pots and Wants Some Apples