The use of money contributes to economic efficiency because:
A. governmental direction of the production and distribution of output can be avoided by using money.
B. roundabout production could not occur without the availability of money.
C. it is necessary for the creation of capital goods.
D. it promotes specialization by overcoming the problems with barter.
Answer:D
The use of money contributes to economic efficiency because:
A. governmental direction of the production and distribution of output can be avoided by using money. B. roundabout production could not occur without the availability of money. C. it is necessary for the creation of capital goods. D. it promotes specialization by overcoming the problems with barter.