2. Every month Yankee magazine includes a Swop- per's [sic] Column of offers to barter goods and...

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2. Every month Yankee magazine includes a "Swop- per's [sic] Column" of offers to barter goods and services. Here is an example: "Will swop custom- designed wedding gown and up to 6 bridesmaids' gowns for 2 round-trip plane tickets and 3 nights' lodging in the countryside of England." Why would it be difficult to run our economy using a "Swopper's Column" instead of money? In light of your answer, why might the Yankee "Swopper's Column" exist?

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Principles Of Macroeconomics

ISBN: 9780176591977

7th Canadian Edition

Authors: N. Mankiw, Ronald Kneebone, Kenneth McKenzie

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