Author Question: Compared to a barter economy, using money increases efficiency by reducing: a. transaction costs. ... (Read 65 times)

EY67

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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

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Answer to Question 1

a

Answer to Question 2

True



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