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Questions and Answers
What was a prominent limitation of the barter system?
What was a prominent limitation of the barter system?
- Decrease in mutual exchanges (correct)
- Increase in personal needs
- Simplicity in economic structure
- Lack of agricultural exchange
How did socio-economic development impact the barter system?
How did socio-economic development impact the barter system?
- Made it more applicable
- Simplified the economic structure
- Limited its effectiveness (correct)
- Increased mutual exchanges
What did the earlier years' economic structure lack as compared to later years?
What did the earlier years' economic structure lack as compared to later years?
- Specific demands (correct)
- Diversification of needs
- Urbanization
- Decrease in personal needs
How did increasing population affect the barter system?
How did increasing population affect the barter system?
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What did the shoe-maker exchange his shoes for?
What did the shoe-maker exchange his shoes for?
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Why did individuals in earlier years carry out agricultural exchange?
Why did individuals in earlier years carry out agricultural exchange?
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