Which of the following statements about markets is not true?
a. A market is an impersonal mechanism.
b. Markets coordinate the independent decisions of buyers and sellers.
c. Markets reduce the transaction costs of exchange.
d. More specialized markets are generally found in urban areas.
e. All markets provide the same amounts of information.
E
Economics
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A firm will avoid producing additional emissions whenever the fee is
A) less than the MSB. B) greater than the MSB. C) less than the MCA. D) greater than the MCA. E) equal to the distance between MSB and MCA.
Economics
According to Keynesian economists, monetary policy is __________ effective at changing the price level and Real GDP
A) always B) sometimes C) never D) There is no Keynesian position with respect to monetary policy.
Economics