If a firm is inundated by qualified applicants when it advertises a job opening and the firm's quit rate is unusually low, then the firm is probably paying

According to your text, who among the following have a comparative advantage in providing information that reduce transaction costs?

A) The consumer B) The bureaucrat C) The middleman D) The career politician

When economists refer to an economy's price level, they indicate: a. the rate of inflation in that economy

b. the prices of goods and services relative to consumers' incomes. c. a composite measure of prices of all goods and services. d. a period of level, or steady, prices in that economy. e. the price of a specific consumer good.