UGC NET
Indu dhiman Asked a Question
May 12, 2021 4:54 pmpts 30 pts
  • UGC NET
  • Economics

Question : 12/50 unit solved papers (1-10) - economics which of the following can exist in a barter economy (1) common measure of value (2) price competition (3

Question : 12/50 Unit Solved Papers (1-10) - Economics Which of the following can exist in a barter economy (1) Common measure of value (2) Price competition (3) Lending and borrowing (3) only (1) and (2) only (2) and (3) only (1), (2) and (3) View Solution
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  • Reshma gupta thankyou
    option 2 is correct because Prices do exist in barter, although they are all relative prices. Option (3) is correct. In barter, people can still lend and borrow goods and servic...
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