Question

The problem of a double coincidence of wants refers to A. poorlyminusmanaged companies producing what consumers want only by coincidence. B. the likelihood that needs will not be the same as wants. C. the insatiability of wants in a free market economy. D. the necessity in a barter system of each trading partner wanting what the other has to trade.

Answer 1

D. the necessity in a barter system of each trading partner wanting what the other has to trade.

Step-by-step explanation:

Double confidence of wants was one of the shortcomings of the barter system.

For example, if someone wants corn and has yam. He has to find someone that wants yam and has corn to trade in order for a trade to occur.

The introduction of money solved this problem.

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