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Introduction to Economics 2
Introduction to Economics 2 Deneme Sınavı
Introduction to Economics 2 Deneme Sınavı Sorusu #755397
Introduction to Economics 2 Deneme Sınavı Sorusu #755397
Which of the following option explains inefficiency of bartering?
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Cause low labor quality |
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Production costs of products are not equal |
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No middle man in the market |
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No special market space |
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Prevent specialization in division of labor |
Yanıt Açıklaması:
The necessity of double coincidence of wants and uncertainty about the rate of exchange in a barter economy cause inefficiency by preventing specialization in division of labor. Thus, since the barter requires too much time and to bargain other people one by one, it is not a desired way.
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