WHEN ECONOMISTS SAY THAT MONEY PROMOTES EFFICIENCY, THEY MEAN THAT...

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

33) When economists say that money promotes efficiency, they mean that money

(a) reduces transactions costs.

(b) encourages specialization and the division of labor.

(c) is inexpensive to produce.

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

Answer: D

Question Status: Previous Edition