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

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

User Ifixthat
by
7.3k 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.

User Jamie F
by
8.1k points
4 votes

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

User Yotam
by
7.8k points