Ask Question
BusinessBusiness
13 November, 05:54

Money encourages specialization by exchange costs.

+3
Answers (1)
  1. 13 November, 08:15
    0
    Money encourages specialization by decreasing the opportunity costs of exchange.

    Money, as a unit of account, can be used to express the market value of different goods and services.

    Money, as a store of value, retains its buying power and liquidity (can easily be traded for goods and services at any time)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Money encourages specialization by exchange costs. ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Jamie wrote a nine-month put on beta stock. the strike price was $25 and the market price at the time the option was written was $24. the total price of the option contract was $150.
Answers (1)
How much does a horse that is 15 hands tall weigh
Answers (1)
Clark claimed the standard deduction in the previous tax year. In the current year, he received a state income tax refund of $900, plus interest of $10, from the withholding of his previous year's state income taxes.
Answers (1)
In a job interview, the interviewer is not the only one who should ask questions. You should have questions prepared to ask him or he
Answers (1)
The deadweight loss associated with output less than the competitive level can be determined by A. subtracting the consumer surplus from the producer surplus associated with less output. B.
Answers (1)
New Questions in Business
The following financial information is taken from the balance sheets of the Peter Company and the Paul Company: Peter Paul Current assets $200,000 $50,000 Current liabilities 40,000 20,000 Calculate the current ratio for each company.
Answers (1)
The manager of a national retailing outlet recently hired an economist to estimate the firm's production function.
Answers (1)
There are a number goods that over time, for a variety of reasons, transition from being a normal good to an inferior good or from being an inferior good to a normal good. One such example of a good is the Toyota Camry.
Answers (1)
Three members of the DiCarlo family, Vinny, Maria, and Franki, are choosing the entree for a large family reunion. Their options are: spaghetti, ravioli, lasagne, and pizza.
Answers (1)
How much of gordon's social security is taxable? a. $0 b. $16,000 c. $13,600 d. $6,646?
Answers (1)
Home » Business » Money encourages specialization by exchange costs.
Sign Up Forgot Password?