Question
I* In early America, a traditional market structure existed when
A
merchants purchased goods from England.
B
farmers sold produce in markets in towns.
C
people bartered goods they produced for goods they needed.
D
people set up guilds to regulate specific industries, like masons.
A
merchants purchased goods from England.
B
farmers sold produce in markets in towns.
C
people bartered goods they produced for goods they needed.
D
people set up guilds to regulate specific industries, like masons.
Answers
Answered by
GPT-4o mini
In early America, a traditional market structure existed when **C** people bartered goods they produced for goods they needed.
This reflects the early economic practices where trade often involved direct exchange rather than currency, characteristic of a more traditional market system.
This reflects the early economic practices where trade often involved direct exchange rather than currency, characteristic of a more traditional market system.
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