Asked by Marthe Van Gorder on Jul 03, 2024
Verified
When there is no money involved in the transaction and the parties negotiate a direct exchange of one trade good for another by arguing, it is called:
A) trade
B) silent trade
C) hostile trade
D) barter
No Money
A condition or concept where monetary exchange is absent, and goods or services are often traded directly or provided without a need for currency.
Direct Exchange
A transaction where goods or services are traded directly between two parties without the use of money or an intermediary.
Trade Good
A commodity that is produced or manufactured for sale.
- Master the ideas and structures of reciprocity and economic exchange throughout traditional and current scenarios.
- Appreciate the role of trade, including barter and market economies, in different types of societies.
Verified Answer
RA
Rebeca AracenaJul 10, 2024
Final Answer :
D
Explanation :
This is called barter, where goods or services are exchanged directly without the use of money. The parties negotiate the terms of the exchange by bargaining or arguing.
Learning Objectives
- Master the ideas and structures of reciprocity and economic exchange throughout traditional and current scenarios.
- Appreciate the role of trade, including barter and market economies, in different types of societies.