Assertion (A): Money makes the specialisation of labour easier.
Reason (R): With money, a worker can sell one skill for money and buy everything else she needs.

Both A and R are true, and R is the correct explanation of A.Correct answerYour answerBoth A and R are true, but R is not the correct explanation of A.Correct answerYour answerA is true, but R is false.Correct answerYour answerA is false, but R is true.Correct answerYour answer

Show the answer and explanation

CorrectNot quiteAnswer A

Correct answer: A

Under barter, a specialist must find people who want her product and have what she needs.
Money removes that search, so people can specialise. R explains A.

Concept: Money and specialisation
Typical timeTypical: 70 s
Your timeYours: —

The rule this testsBarter and its problems

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Ten questions from Money and Its Functions, at your own pace.

Assertion (A): Money makes the specialisation of labour easier.Reason (R): With money, a worker can sell one skill for money and buy everything else she needs.

Explanation

Assertion (A): Money makes the specialisation of labour easier.
Reason (R): With money, a worker can sell one skill for money and buy everything else she needs.