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    Economic relations

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    Let's suppose an economy in which there is no widely-agreed-upon form of money. In other words, assume we are dealing with a barter economy.

    Would economic relationships no longer apply in such an economy? Yes or no please Explain.

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    Solution Preview

    Economic relations might apply to such an economy, but in a very crude and different way. Suppose that the butcher trades meat with the tailor for clothes and the tailor in turn trades ...

    Solution Summary

    Economic relations are evaluated.