The pace of settlement of the Old Northwest (Ohio, Indiana, Illinois, ...) was determined primarily by the prices of
a. soybeans, sorghum, and potatoes.
b. gold and silver.
c. corn, hogs, and wheat.
d. cattle, leather, and cheese.
c. corn, hogs, and wheat.
Economics
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Which of the following is a reason why firms can be more efficient than markets as coordinators of economic activity?
A) economies of scale and scope B) higher transactions charges C) elimination of the principal-agent problem D) all of the above
Economics
Which of the following institutions is the most important participant in foreign currency markets?
A) A retail customer B) A commercial bank C) A foreign exchange broker D) A central bank E) None of the above.
Economics