Private solutions may not be possible due to the costs of negotiating and enforcing these solutions. Such costs are called
a. transaction costs.
b. corrective costs.
c. input costs.
d. private costs.
a
Economics
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The above table presents the balance sheet of the TBK commercial bank. What is this bank's actual reserve ratio?
A) 50 percent B) 12 percent C) 20 percent D) 17.14 percent
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Tariffs ________ a deadweight loss and import quotas ________ a deadweight loss
A) create; create B) do not create; create C) create; do not create D) do not create; do not create
Economics