Which of the following is one of the most important benefits of money in a modern economy? A. Money encourages people to produce all of their own goods and therefore increases economic stability. B. Money allows for the accumulation of wealth. C. Money makes exchange easier, leading to more specialization and higher productivity. D. Money allows for the exchange of goods and services. E. Money is a unit of account which makes it easier to value all goods and services in dollars. QUESTION 9 Labor productivity is A. the quantity of capital one worker can produce in one day. B. the quantity of output produced by one worker or by one hour of work. C. the quantity of output produced in one hour by several workers. D. the quantity of capital produced by one worker or by one hour of work. E. the quantity of output produced in one hour by one machine.
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Which of the following is one of the most important benefits of money in a modern economy?
A. Money encourages people to produce all of their own goods and therefore increases economic stability.
B. Money allows for the accumulation of wealth.
C. Money makes exchange easier, leading to more specialization and higher productivity.
D. Money allows for the exchange of goods and services.
E. Money is a unit of account which makes it easier to value all goods and services in dollars.
QUESTION 9
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Labor productivity is
A. the quantity of capital one worker can produce in one day.
B. the quantity of output produced by one worker or by one hour of work.
C. the quantity of output produced in one hour by several workers.
D. the quantity of capital produced by one worker or by one hour of work.
E. the quantity of output produced in one hour by one machine.
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