An individual who has a surplus of rice which she wishes to exchange for clothing. She needs to find another person who has diametrically opposite demand for rice with a surplus of clothing to offer in exchange. Which of the following attribute/attributes of barter exchange is/are mentioned here?

Both of above

The correct answer is Option 3: Both of above

Double Co-incidence of Wants: This attribute of the barter system refers to the requirement that both parties involved in the exchange must want what the other has to offer. In this case, the individual with rice needs to find someone who both wants rice and has clothing to exchange. This illustrates the challenge of finding a matching need for an exchange, which is the core issue of double coincidence of wants.

Search costs: The individual needs to spend time and effort searching for someone willing to make this specific exchange. This could involve visiting markets, talking to people, or advertising her desire to barter.

In this case, both attributes are present. The woman faces the difficulty of finding someone with the exact opposite needs (double coincidence) and also incurs the time and effort associated with searching for such a person (search costs).