The introduction of money to an economy results in
A) higher incomes.
B) higher productivity.
C) increased specialization.
D) all of the above.

Question

Quizplus · Accepted Answer

The introduction of money in an economy results in higher incomes because trade becomes easier and people can specialize in what they are good at. This increased specialization leads to higher productivity as people can focus on their comparative advantage. Overall, the introduction of money leads to more efficient allocation of resources and a more prosperous economy.

The Introduction of Money to an Economy Results in