If a voluntary trade takes place,
a. both parties will benefit from the transaction.
b. only one party will benefit from the transaction.
c. neither party will benefit from the transaction.
d. both parties will benefit only if the government regulates the transaction.
a
Economics
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If for a given year nominal GDP is $2,000 billion and real GDP is $1,500 billion, then the GDP price index is
A) 133. B) 1.33. C) 100. D) 0.75. E) 750.
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Explain why Robin Hood's practice of stealing from the rich to give to the poor is never Pareto efficient
What will be an ideal response?
Economics