THE CONVERSION OF A BARTER ECONOMY TO ONE THAT USES MONEY INCREASE...

22) - TEST BANK CHAPTER 3 WHAT IS MONEY? TÀI CHÍNH TIỀN TỆ
TEST BANK CHAPTER 3 WHAT IS MONEY? TÀI CHÍNH TIỀN TỆ

22) The conversion of a barter economy to one that uses money increases efficiency by reducing

(a) the need to exchange goods.

(b) the need to specialize.

(c) the need to employ team production methods.

(d) transactions costs.

Answer: D

Question Status: Previous Edition