THE CONVERSION OF A BARTER ECONOMY TO ONE THAT USES MONEY (A) INCR...

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

23) The conversion of a barter economy to one that uses money

(a) increases efficiency by reducing the need to exchange goods and services.

(b) increases efficiency by reducing the need to specialize.

(c) increases efficiency by reducing transactions costs.

(d) does not increase economic efficiency.

Answer: C

Question Status: Previous Edition