Money encourages specialization by exchange costs.

Question

Money encourages specialization by exchange costs.

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2022-04-22T11:22:50+00:00 2 Answers 0

Answers ( 2 )

  1. Liliana
    0
    2022-04-22T11:24:03+00:00

    Money encourages specialization by decreasing the opportunitycosts 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)

  2. Josie97
    0
    2022-04-22T11:24:34+00:00

    Answer:

    Decreasing the opportunity cost

    Explanation:

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