Problem
How many ratios of exchange would an individual have to cope with in a barter economy with 276 different items available for exchange?
How many absolute prices would there be if one of the items available for exchange were used as a generally acceptable medium of exchange?
Explain how the use of money as a unit of account can help reduce transaction costs in this economy.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.