Poll Results
No votes. Be the first one to vote.
Person X argues that barter trade is inefficient because each person must have what the other wants. Which of the following statements supports this?
In a barter system, trade happens only if each person has what the other wants. This requirement of a double coincidence of wants makes trade inefficient and limits the number of potential trade partners. It is one of the main reasons why barter was replaced by money as a medium of exchange. Correct Option is (B).
Share