WAEC Economics 2018 Objective — Question 35
Question 35 of 50 from the West African Examinations Council (WAEC) Economics 2018 Objective paper, with the correct answer and a full explanation.
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If a housewife has meat and wants to-matoes, she must find someone who has tomatoes and wants meat. This concept is described as a
- A. scale of preference
- B. opportunity cost
- C. complementary demand
- D. double coincidence of wantsCorrect
Explanation
This describes the double coincidence of wants — a key problem of the barter system, where each party must want what the other offers.
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