Which of the following is correct about double coincidence of wants a- economy with money use this system exchange between 2 people where 2 people each want one good or service that the other person can provide b- economy without money use this system exhange between 4 or more people, wher these people each want one good or service that the rest people can provide c- economy without money use this system exchange between 2 people where 2 people each want one good or service that the other person can provide. d- money acts as an intermediary between the buyer and the seller. seller would pprovide good/service. and get paid in money
Which of the following is correct about double coincidence of wants a- economy with money use this system exchange between 2 people where 2 people each want one good or service that the other person can provide b- economy without money use this system exhange between 4 or more people, wher these people each want one good or service that the rest people can provide c- economy without money use this system exchange between 2 people where 2 people each want one good or service that the other person can provide. d- money acts as an intermediary between the buyer and the seller. seller would pprovide good/service. and get paid in money
Principles of Microeconomics
7th Edition
ISBN:9781305156050
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter22: Frontiers Of Microeconomics
Section: Chapter Questions
Problem 6PA
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Which of the following is correct about double coincidence of wants
a- economy with money use this system exchange between 2 people where 2 people each want one good or service that the other person can provide
b- economy without money use this system exhange between 4 or more people, wher these people each want one good or service that the rest people can provide
c- economy without money use this system exchange between 2 people where 2 people each want one good or service that the other person can provide.
d- money acts as an intermediary between the buyer and the seller. seller would pprovide good/service. and get paid in money
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