With regard to efficiency, barter is typically _____

Marketing Dec 24, 2020

With regard to efficiency, barter is typically _____.

a. never practical and rarely successful

b. costly in terms of time and effort to find a barter partner

c. more efficient than money in terms of the search cost

d. more efficient than money in terms of making change

Expert Solution

The correct option is:

b. costly in terms of time and effort to find a barter partner

Barter refers to the exchange of goods and services with that of goods and services. There is no medium of exchange involved and hence it becomes difficult to find people having the goods to exchange with mutual interest.

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