asked 102k views
4 votes
Money encourages specialization by decreasing the what?

A. Number of Goods
B. Exchange Costs
C. Economic Benefits

asked
User Ifixthat
by
8.0k points

2 Answers

3 votes

Money encourages specialization by decreasing the exchange costs. Money is used in a transaction to allow for easier trade. One person normally uses money to purchase the good another person is selling. By using money as a price point to pay for a specific item, it makes the item have value and be bought by, by a consumer.

answered
User Jamie F
by
8.5k points
4 votes

B.Exchange costs I just took the test and the teacher told me it was b

answered
User Yotam
by
8.6k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.