The greater the degree of specialization in the economy,the:

A) easier it is to discover a double coincidence of wants.
B) more feasible is a barter system.
C) less likely it is that monetary exchange will develop.
D) harder it is to negotiate an exchange rate between all pairs of goods.
E) more likely it is that individual consumers are self-sufficient.

Specialization

The process of focusing effort and resources on a particular area of expertise or production to increase efficiency and output.

Barter System

An economic system where goods and services are directly exchanged for other goods and services without the use of money.

Monetary Exchange

The process of trading goods and services using money as a medium of exchange rather than direct barter.