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- 1. Multiple Choice
Barter
The ability to be long-lasting to withstand wear, pressure, or damage
Trading a good or service directly for another good or service, without using money or credit
The ability that something can be easily carried or moves
The situation where two parties can swap their goods in exchange for one another because they each want what the other party has
- 2. Multiple Choice
Commodity
The ability that something can be easily carried or moved
The ability to easily divide something of value
The condition that exists when human wants exceed the available resources to satisfy those wants
Something that is useful or valuable
- 3. Multiple Choice
Double Coincidence of Wants
Trading a good or service directly for another good or service, without using money or credit
The ability to be long-lasting, to withstand wear, pressure, or damage
The situation where two parties can swap their goods in exchange for one another because they each want what the other party has
The ability to be easily identified from previous experience or knowledge
- 4. Multiple Choice
Divisibility
The ability to easily divide something of value
The ability that something can be easily carried or moved
Something that is useful or valuable
The condition that exists when human wants exceed the available resources to satisfy those needs
- 5. Multiple Choice
Portability
The ability to easily divide something of value
The ability to be long-lasting; to withstand wear, pressure, or damage
Something that is useful or valuable
The ability that something can bee easily carried or moved
- 6. Multiple Choice
Durability
Something that is useful or valuable
The ability to be easily identified from previous experience or knowledge
The ability to be long-lasting; to withstand wear, pressure, or damage
Trading a good or service directly for another good or service, without using money or credit
- 7. Multiple Choice
Recognizability
The condition that exists when human wants exceed the available resources to satisfy those wants
Something that is useful or valuable
The situation where two parties can swap their goods in exchange for one another because they each want what the other party has
The ability to be easily identified from previous experience or knowledge
- 8. Multiple Choice
Scarcity
Something that is useful or valuable
The condition that exists when human wants exceed the available resources to satisfy those wants
Trading a good or service directly for another good or service, without using money or credit
The ability that something can be easily carried or moved
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