Compared to a barter economy, using money increases efficiency by ...

[EY67]

Compared to a barter economy, using money increases efficiency by reducing:
 a. transaction costs.
  b. the need to exchange goods.
  c. the need to specialize.
  d. inflation.

Question 2

When countries specialize, total world output increases, and, therefore, the potential for greater total world consumption also increases.
 a. True
  b. False
  Indicate whether the statement is true or false

[lindahyatt42]

Answer to Question 1

a

Answer to Question 2

True