The Conversion of a Barter Economy to One That Uses

question 88

Multiple Choice

The conversion of a barter economy to one that uses money

• A)increases efficiency by reducing the need to exchange goods and services.
• B)increases efficiency by reducing the need to specialize.
• C)increases efficiency by reducing transactions costs.
• D)does not increase economic efficiency.

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Definitions:

Readiness

A state of being fully prepared or in a suitable condition for an immediate action or use.

Fixed Action Pattern

An instinctive behavioral sequence that is relatively invariant within the species and almost inevitably runs to completion once initiated.

Dishabituation

The renewal of a response, previously habituated, following a change in stimulus.

Dehabituation

The revival of a response that had been previously habituated, often as a result of presenting a new, novel stimulus.