ALL BUT THE MOST PRIMITIVE SOCIETIES USE MONEY AS A MEDIUM OF EXCH...

40) All but the most primitive societies use money as a medium of exchange, implying that

(a) the use of money is economically efficient.

(b) barter exchange is economically inefficient.

(c) barter exchange cannot work outside the family.

(d) all of the above.

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

Answer: E

Question Status: Previous Edition