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.
A
Economics
You might also like to view...
Contractionary fiscal
What will be an ideal response?
Economics
In the 1960s, government policy makers believed that they could: a. stabilize the economy by letting the market system solve all problems. b. reduce unemployment by running federal budget surpluses
c. eliminate government's role in stabilization policy. d. use changes in the money supply to virtually eliminate business cycles. e. use taxation and government spending to fine-tune the economy.
Economics