The Use of Money for Exchange and Trade

question 201

Multiple Choice

The use of money for exchange and trade

• A) increases the importance of barter.
• B) fosters more specialization in production.
• C) reduces consumer sovereignty.
• D) raises the need for a coincidence of wants.

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Definitions:

Intervening Cause

An event that occurs after a defendant's initial act of negligence and contributes to the harm, potentially relieving the defendant of some liability.

Unforeseeable Later Act

Events or actions that occur after a contract is executed, which could not have been anticipated by either party at the time of the contract.

Comparative Negligence

A legal doctrine used in tort law that reduces the amount of damages a plaintiff can recover based on the percentage of fault attributed to them.

Assumption of Risk

A legal defense in tort law where a person voluntarily exposes themselves to a known risk, potentially limiting their right to claim damages.