Multiable Choice Questions Flashcards
1
Q
- Multiple Choice Question (MCQ). A double coincidence of wants occurs when:
a) One person wants something that another person owns.
b) Two people agree to exchange some goods for other goods.
c) Two people each have something they would like to trade with someone else.
d) Two people each want the same object.
A
B
2
Q
- MCQ. The requirement of a double coincidence of wants is most relevant in a:
a) market economy.
b) communist economy.
c) monetary economy.
d) barter economy.
A
D
