BECAUSE MONEY REDUCES TRANSACTION COSTS, IT (A) ENCOURAGES GREED A...

55) Because money reduces transaction costs, it

(a) encourages greed and avarice.

(b) improves economic efficiency.

(c) encourages specialization and exchange.

(d) does only (a) and (b) of the above.

(e) does only (b) and (c) of the above.

Answer: E

Question Status: Previous Edition