If transaction costs are high, then it is more likely a firm's demand curve is downward sloping
Indicate whether the statement is true or false
True . Transaction costs increase the costs for consumers to find a new firm. Thus high transaction costs allow a firm to charge more than others.
Economics
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If there is an increase in the number of discouraged workers in a country, ________
A) the unemployment rate will decrease B) the labor force participation rate will increase C) the unemployment rate will increase D) the labor force participation rate will decrease
Economics
There is greater support for active policymaking when
A) price flexibility is common. B) wage flexibility is common. C) pure competition is widespread. D) none of the above.
Economics