Positive externalities and high transaction costs make voluntary social cooperation difficult because they
A) are also obstacles to the effective working of democratically controlled governments.
B) can be eliminated by government.
C) can best be reduced by abandoning persuasion and voluntary cooperation.
D) make government intervention necessary.
E) make it easier for cartels to operate effectively.
A
Economics
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With respect to property rights and production, explain the differences between the economic organizations known as communism, capitalism, and socialism
What will be an ideal response?
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Representative commodity money retained its value because
A) it was an actual commodity. B) it was a fiat money. C) it was backed by the government. D) it could be exchanged for an actual commodity.
Economics