The Use of Money Contributes to Economic Efficiency Because

question 81

Multiple Choice

The use of money contributes to economic efficiency because

• A)governmental direction of the production and distribution of output can be avoided by using money.
• B)roundabout production could not occur without the availability of money.
• C)it is necessary for the creation of capital goods.
• D)it promotes specialization by overcoming the problems with barter.

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Definitions:

Nitrogen

Nitrogen is a colorless, odorless, tasteless gas that makes up about 78% of the Earth's atmosphere, significantly used in fertilizer production, as a refrigerant, and as a replacement for air in tires to maintain stable pressure.

Confined Liquid

A fluid that is trapped or contained within a specific space or system, often under pressure.

Pascal

A unit of pressure in the International System of Units (SI), defined as one newton per square meter.