Introduction to Economics 2 Deneme Sınavı Sorusu #755397

Which of the following option explains inefficiency of bartering?


Cause low labor quality

Production costs of products are not equal

No middle man in the market

No special market space

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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