Economics 9708 · AS & A Level · Resource allocation in different economic systems

Resource allocation in different economic systems — practice question

Which of the following would not count as a barter transaction?

  • Aa car repairer undertaking the annual service on a plumber’s van in return for the plumber fitting a new sink in the car repairer’s kitchen
  • Ba consumer negotiating with a shopkeeper and buying a pair of trousers at US$10 rather than the asking price of US$30
  • Ca graduate student exchanging a set of textbooks for a radio with a student about to start the course
  • Da train company allowing a phone company to advertise on its trains in return for the right to advertise on the phone company’s website

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