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Economics (MindTap Course List)

13th Edition
Roger A. Arnold
ISBN: 9781337617383

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BuyFindarrow_forward

Economics (MindTap Course List)

13th Edition
Roger A. Arnold
ISBN: 9781337617383
Textbook Problem

“A barter economy would have very few comedians.” Do you agree or disagree with this statement? Explain your answer.

To determine

Identify whether the given statement is true or false.

Explanation

Generally, people are not willing or it is not possible for them to spend time to produce the goods and services that they want to consume. In such situation, people specialize in one good or service. Then, the money earned by trading the specialized one will be used to buy various goods and services...

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