Rahul has a sack of cotton but he is in need of wheat and Anush has a sack of wheat and is in need of cotton, under this situation both will be able to exchange their goods. In case of absence of such coincidence of wants, they may not exchange their goods. Which one of the following would be the best option that describes the mutual exchange of goods and eliminates the exchange of goods? (1)(a) Double coincidence of want, exchanging commodity for commodity(b) Double coincidence of want, credit on commodity.(c) Double coincidence of want, loan on commodity.(d) Double coincidence of want, money.

Rahul has a sack of cotton but he is in need of wheat and Anush has a sackof wheat and is in need of cotton, under this situation both will be able toexchange their goods. In case of absence of such coincidence of wants, theymay not exchange their goods.Which one of the following would be the best option that describes the mutualexchange of goods and eliminate the exchange of goods?

The requirement of a "double coincidence of wants" is the chief ___________ of the _____________ exchange system.Group of answer choicesadvantage; barteradvantage; monetarydisadvantage; barterdisadvantage; monetary

While there are possible gains from trade with absolute advantage, comparative advantage extends the range of possible mutually …............a.beneficial exchangesb.social exchangec.political exchanged.ritual exchange

Two goods are defined as being complementary products if:(a) Their respective PEDs are both greater than one;(b) Their respective YEDs are both equal;(c) Their respective PEDs and YEDs are negative;(d) Their XPED is negative

When two countries with different opportunity costs engage in trade based on comparative advantage, the result is:  A. Both countries experiencing increased production and consumption  B. Both countries producing only goods they have an absolute advantage in  C. Both countries experiencing decreased production  D. Both countries producing the same goods