Which of the following is NOT an example of transactions costs?

A) high interest rates
B) lawyers' fees
C) brokerage commissions
D) minimum investment requirements

A

Economics

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In the above figure, a price of $15 per dozen roses would result in a ________ so that the price of roses will ________

A) surplus; rise B) surplus; fall C) shortage; rise D) shortage; fall

Economics

If the government conducts a survey asking it citizens how much they value having potholes filled in, we can expect

a. an accurate evaluation of the work. b. citizens to understate the value of the work. c. citizens to exaggerate the value of the work. d. most citizens to refuse to answer.

Economics