49) Money reduces transactions costs, allowing people to specialize in what they do best. Money, therefore, promotes (a) greed and avarice. (b) efficiency. (c) the division of labor. (d) only (a) and (b) of the above. (e) only (b) and (c) of the above. Answer: E Question Status: Previous Edition

MONEY REDUCES TRANSACTIONS COSTS, ALLOWING PEOPLE TO SPECIALIZE IN...

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

49) Money reduces transactions costs, allowing people to specialize in what they do best. Money,

therefore, promotes

(a) greed and avarice.

(b) efficiency.

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

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

Answer: E

Question Status: Previous Edition