Even-handed enforcement of contracts fuels economic prosperity because it
A) increases market uncertainty and the probability of contract violations.
B) promotes gains from trade by keeping transaction costs low.
C) increases transaction costs.
D) permits individuals to invade or infringe on the property rights of others.
B) promotes gains from trade by keeping transaction costs low.
Economics
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The cyclically adjusted budget deficit calculates the budget surplus or deficit at
A) potential GDP. B) average GDP. C) real GDP. D) nominal GDP.
Economics
Given the graph, the quantity that would be associated with the price of $4 in a demand table would be:
A. 1. B. 2. C. 3. D. 4.
Economics