As a result of money in an economy
A)people are greedier than in a barter economy.
B)stealing exists and people have to find ways to prevent theft.
C)transaction costs are higher than would be the case in a barter economy.
D)output and economic growth are greater than they would be in a barter economy.

Question

Quizplus · Accepted Answer

Money allows for easier exchange of goods and services, leading to increased productivity and economic growth. In a barter economy, trading goods and services directly can be inefficient and time-consuming, resulting in lower output and slower economic growth. Money also serves as a store of value and a unit of account, reducing transaction costs and facilitating trade. Greed and theft can exist in any economy regardless of the presence of money.

As a Result of Money in an Economy