Money encourages specialization by exchange costs.

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Rex Schinner · Accepted Answer

Money encourages specialization by decreasing the opportunity costs of exchange.Money, as a unit of account, can be used to express the market value of different goods and services. Money, as a store of value, retains its buying power and liquidity (can easily be traded for goods and services at any time)

Rex Schinner · Answer

Decreasing the opportunity cost Explanation:

Rex Schinner · Answer

B.Exchange costs I just took the test and the teacher told me it was b

Rex Schinner · Answer

Money encourages specialization by decreasing the exchange costs. Money is used in a transaction to allow for easier trade. One person normally uses money to purchase the good another person is selling. By using money as a price point to pay for a specific item, it makes the item have value and be bought by, by a consumer.

Rex Schinner · Answer

Obviously, workers who specialize become more efficient and thereby increase productivity, because they became better in their domain. The answer to your question is C. I hope that this is the answer that you were looking for and it has helped you.Explanation: hope i helped you

Rex Schinner · Answer

Money can be used to express the different market value for goods and services it decreases the opportunity to exchange like unit of an account

Rose Schowalter · Answer

Obviously, workers who specialize become more efficient and thereby increase productivity, because they became better in their domain. The answer to your question is C. I hope that this is the answer that you were looking for and it has helped you.

Mr. Bertha Ziemann IV

Money encourages specialization by exchange costs.

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