Another term for intermediaries who specialize in reducing transaction costs is
A) service providers.
B) consultants.
C) middlemen.
D) revenue agents.
C
Economics
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Suppose the price of leather used to produce shoes increases. The higher price of leather ________ the supply of shoes and the supply curve of shoes ________
A) increases; shifts rightward B) increases; shifts leftward C) decreases; shifts rightward D) decreases; shifts leftward E) does not change; does not shift
Economics
When interest rates fall in the United States (with the price level fixed), the value of the dollar ________, domestic goods become ________ expensive, and net exports ________
A) falls; less; fall B) falls; less; rise C) falls; more; fall D) rises; less; fall
Economics