assume that there are two parties to an exchange and that they value the goods they would receive as much as…
assume that there are two parties to an exchange and that they value the goods they would receive as much as the goods they would give away. what do economists call this?\ntransactions costs\na coincidence of coinage\nan exchange\na coincidence of wants\nan alignment of barter
Answer
Brief Explanations:
In economics, when two parties in an exchange value the goods they receive as much as the goods they give away, it is called a coincidence of wants. This concept is important in barter - based economies where direct exchange of goods occurs. Transactions costs refer to the costs associated with making an exchange. A coincidence of coinage is not a relevant economic term here. Just 'an exchange' is too general. 'An alignment of barter' is not a standard economic term for this situation.
Answer:
D. A coincidence of wants