Final answer:
The statement about direct barter involving payments for imported goods is false. The market revolution did bring many changes to the U.S., and colonists in the 18th century relied on imported goods from Britain, which means they weren't entirely self-sufficient.
Step-by-step explanation:
The statement that direct barter occurs when a company pays directly for imported goods is false. Direct barter refers to an exchange system where goods and services are directly exchanged without the use of money as a medium. In contrast, when companies pay for imported goods, they typically use money or credit, which are not direct barter. The market revolution was a period of economic changes where the United States experienced significant social and economic transformations due to technological advancements, increased transportation, and industrialization, making statement (1) True. On the other hand, most colonists in eighteenth century North America were not entirely self-sufficient and did rely on imported consumer goods from Britain, rendering statement (2) False. The barter system has several limitations, including the difficulty of making future contracts for goods and services. Perishable goods, for instance, cannot easily be exchanged in the future. Additionally, the barter system may prevent small economies from growing and developing, as it is not suitable for larger scale transactions and can be quite inefficient compared to a money-based economy.