All but the Most Primitive Societies Use Money as a Medium

question 22

Multiple Choice

All but the most primitive societies use money as a medium of exchange,implying that

• A)the use of money is economically efficient.
• B)barter exchange is economically efficient.
• C)barter exchange cannot work outside the family.
• D)inflation is not a concern.

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Definitions:

Paget's Disease

A chronic bone disorder that can lead to bone enlargement and deformity, affecting one or more bones.

Enlarged Bones

A condition characterized by the abnormal enlargement or thickening of bones, often due to diseases like osteoarthritis or acromegaly.

Humpback

A condition, also known as kyphosis, where there is an excessive outward curve of the spine, causing a hunched back.

Kyphosis

A forward rounding of the back, leading to a hunched posture, which can be due to various medical conditions.