Money Facilitates Trade Because

question 63

Multiple Choice

Money facilitates trade because

• A)it eliminates the need for specialization
• B)it prevents people from taking advantage of each other
• C)it serves as a medium of exchange
• D)division of labor allows money to be produced at a lower cost
• E)people do not benefit from barter unless money is used

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Definitions:

Self-reinforcement

A process where individuals reward themselves for reaching a goal or maintaining a behavior.

Treat

To deal with, manage, or act toward something or someone in a specific manner, often implying giving medical care or attention.

Self-efficacy

An individual's belief in their own capacity to execute behaviors necessary to produce specific performance attainments.

Reinforcements

In behavioral psychology, stimuli that increase the probability of a response by either presenting a pleasant outcome or removing an unpleasant one.