Which of the following best describes the barter system? a. An economic system in which currency is exchanged for goods and services. c. An economic system in which production is determined by the factors of demand. b. An economic system in which the production of goods takes places within an individual’s home. d. An economic system in which goods and services are traded for other goods and services.

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Which of the following best describes the barter system? a. An economic system in which currency is exchanged for goods and services. c. An economic system in which production is determined by the factors of demand. b. An economic system in which the production of goods takes places within an individual’s home. d. An economic system in which goods and services are traded for other goods and services.

The statement that best describes the barter system is: An economic system in which goods and services are traded for other goods and services.

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Asked 8/28/2013 2:19:42 PM

Updated 10/11/2015 12:04:14 AM

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The statement that best describes the barter system is: An economic system in which goods and services are traded for other goods and services.

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Added 10/11/2015 12:04:14 AM

This answer has been confirmed as correct and helpful.

Confirmed by Andrew. [10/11/2015 12:18:28 AM]

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Questions asked by the same visitor

A barter economy a. employs moneychangers. c. exchanges goods and services. b. uses coins of different values. d. uses bills of exchange.

Weegy: b. uses coins of different values. (More)

Question

Updated 3/25/2015 11:53:53 PM

1 Answer/Comment

A barter economy: exchanges goods and services.

Added 3/25/2015 11:53:53 PM

This answer has been confirmed as correct and helpful.

Confirmed by selymi [3/25/2015 11:55:35 PM]

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