IF THERE ARE FIVE GOODS IN A BARTER ECONOMY, ONE NEEDS TO KNOW TEN...

66) If there are five goods in a barter economy, one needs to know ten prices in order to exchange one

good for another. If, however, there are six goods in a barter economy, then one needs to know

_____ prices in order to exchange one good for another.

(a) 6

(b) 9

(c) 12

(d) 15

Answer: D

Question Status: Previous Edition