Economics · May / June 2017 · Paper 11 · Question 10
2281Workers
Individuals produced their own goods. They then decided to specialise. They formed a group and offered their skills to each other but without the use of money. What is not likely to be the result for the group?
- AIt will enjoy a rise in its material standard of living.
- BIt will have a wider choice of goods and services.
- CIt will need to use a system of barter.
- DIt will save time in obtaining goods and services.
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Correct answer: D. It will save time in obtaining goods and services.
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