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WAEC Economics 2018 Question 35

Question 35

Money and Inflation

If a housewife has meat and wants tomatoes, she must find someone who has tomatoes to give and wants meat. This concept is described as

  1. A.scale of preference.
  2. B.opportunity cost.
  3. C.complementary demand.
  4. D.double coincidence of wants.
Show the answer and explanation

Answer: D (double coincidence of wants.)

Explanation

Barter needs each side to want what the other has.