The use of money makes us more efficient because:
A) we spend more time trading and more time producing.
B) people can specialize in what they do well.
C) with money we borrow less.
D) money increases in value over time.
Correct Answer:
Verified
Q7: The unit of account characteristic of money:
A)
Q8: Specialization usually increases the output of a
Q9: The high transaction costs associated with a
Q10: Without the use of money, workers in
Q11: Which of the following would not be
Q13: Money as a means of payment refers
Q14: How many prices would a trader of
Q15: In a barter economy with "n'' number
Q16: Which of the following is not an
Q17: Money eliminates the need for:
A) a search
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