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Author Question: Compared to a barter economy, using money increases efficiency by reducing: a. transaction costs. ... (Read 23 times)

EY67

  • Hero Member
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  • Posts: 531
on: Jun 30, 2018
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

  • Sr. Member
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  • Posts: 322
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

True


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