Using a Good as a Medium of Exchange Confers the Benefit

question 81

Multiple Choice

Using a good as a medium of exchange confers the benefit that

• A)the need to quote so many prices in trade is reduced.
• B)the need for a double coincidence of wants is greatly increased.
• C)the need for specialization is reduced.
• D)transactions costs are increased, but they now may be paid in money terms.

---

Definitions:

Dysfunctional

Pertaining to the impaired or abnormal functioning of a system, organ, or mechanism in a living organism or organization.

Schizophrenia

A mental disorder characterized by distorted thinking, perception, emotions, language, sense of self, and behavior.

Neurotransmitter

Substances in the nervous system that facilitate signal transmission from one nerve cell to another across synaptic gaps.

Dopamine

A neurotransmitter associated with pleasure, movement, and the brain's reward system.