Question

David and Asher buy the same pair of sneakers, but each in the wrong size. David proposes a size swap with Asher. This is an example of

Group of answer choices
​a. barter, since the sneakers in the correct size represent a medium of exchange.
b. barter, since the sneakers in the correct size have intrinsic value to both David and Asher.
c. money,since the sneakers in the correct size do not have any intrinsic value.
d. money, since the sneakers in the correct size represent a medium of exchange.

Answer 1

The situation described is an example of barter, where individuals trade goods or services directly without the use of money.

Step-by-step explanation:

The situation described, where David and Asher buy the same pair of sneakers but in the wrong sizes and propose a size swap, is an example of barter. In barter, individuals trade goods or services directly without the use of money. In this case, David and Asher are exchanging sneakers, which have intrinsic value to both of them.