Which of the following statements about markets is true?
a. Markets reduce the opportunity costs of making exchanges.
b. Markets expand the range of buyers and sellers available as counterparties.
c. Markets increase the transaction costs of making exchanges.
d. Markets increase the costs of information.
B
Economics
You might also like to view...
All of the following are names for bonds receiving low ratings EXCEPT:
A) junk B) garbage C) high yield D) speculative
Economics
Marginal utility: a. generally increases as more of a good is acquired
b. generally remains constant as more of a good is acquired. c. generally decreases as more of a good is acquired. d. begins to fall when total utility reaches its highest point.
Economics