Without the Use of Money, Workers in an Economy

question 110

Multiple Choice

Without the use of money, workers in an economy:

• A)Would become more specialized
• B)Would have to spend a lot less time trading
• C)Would probably specialize less
• D)Would be far more productive

---

Definitions:

Produced

The act of creating, manufacturing, or bringing into existence goods and services.

Consumer Surplus

The disparity between what consumers are prepared and can afford to spend on a product or service compared to the actual amount they end up paying.

Tariff

A tax imposed on imported goods to protect domestic industries or to generate revenue.

Tariff Revenue

Income that governments earn from imposing taxes on imported goods to protect domestic industries or generate income.