Which of the Following Statements Best Explains How the Use

question 96

Multiple Choice

Which of the following statements best explains how the use of money in an economy increases economic efficiency?

• A)Money increases economic efficiency because it is costless to produce.
• B)Money increases economic efficiency because it discourages specialization.
• C)Money increases economic efficiency because it decreases transactions costs.
• D)Money cannot have an effect on economic efficiency.

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Definitions:

Relative Deprivation Theory

A theory of social movements that focuses on the actions of the oppressed groups seeking rights or opportunities already enjoyed by others in the society.

Structural Functionalism

A paradigm based on the assumption that society is a unified whole that functions because of the contributions of its separate structures.

Relative Deprivation Theory

The hypothesis that individuals or groups who perceive themselves as being disadvantaged compared to others may experience feelings of anger or resentment.

Social Stratification

The division of society into groups arranged in a social hierarchy.