Money's Basic Advantage as Compared to Barter Is That

question 139

Multiple Choice

Money's basic advantage as compared to barter is that

• A) everybody has money but not everyone has the opportunity to barter.
• B) a money system relies on a double coincidence of wants.
• C) money reduces transaction costs.
• D) money is the only medium you can use to store your wealth.

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Definitions:

Stimulus Discrimination

The tendency to respond differently to two or more similar stimuli; in classical conditioning, it occurs when a stimulus similar to the CS fails to evoke the CR.

Stimulus Generalization

The tendency for the conditioned stimulus to evoke similar responses after the response has been conditioned.

Conditioned Responding

A learning process in which an individual develops a response to a previously neutral stimulus by associating it with another stimulus that already elicits a response.

Stimulus Discrimination

The ability to distinguish between different stimuli, responding only to the specific stimulus that is conditioned.