Shoeleather costs arise when higher inflation rates induce people to
a. spend more time looking for bargains.
b. spend less time looking for bargains.
c. hold more money.
d. hold less money.
d
Economics
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________ coordinate economic activity in which there are substantial ________
A) Markets; team production efficiencies B) Markets; transactions costs C) Firms; economies of scale D) Firms; principal-agent problems
Economics
Knowledge workers have
A) relatively less bargaining power. B) relatively more bargaining power. C) constant bargaining power. D) the management structure above them.
Economics