Question 12 The high transaction costs associated with a barter system refers to: Answer a. The fact that, often times, these exchanges are taxed by governments b. The risk associated with having to carry an inventory of goods to trade c. The high cost associated with finding someone with whom to exchange d. The cost of drawing up complete contracts

Question 12
The high transaction costs associated with a barter system refers to:
Answer
a. The fact that, often times, these exchanges are taxed by governments
b. The risk associated with having to carry an inventory of goods to trade
c. The high cost associated with finding someone with whom to exchange
d. The cost of drawing up complete contracts

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