WAEC Commerce 2023 Objective — Question 7
Question 7 of 50 from the West African Examinations Council (WAEC) Commerce 2023 Objective paper, with the correct answer and a full explanation.
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A problem associated with barter is A. difficulty in collecting debt.
- A. difficulty in collecting debt
- B. inability to measure what is to be exchangedCorrect
- C. inability to produce enough goods
- D. poor road network delaying transportation of goods
Explanation
One of the problems of trade by barter is measurement of good to be exchanged. In most cases, the person in the most serious need of what another person has, had to part with unreasonable quantity of his/her goods.
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