The primary benefit of voluntary trade is that
a. it allows developers to put land to better use through eminent domain.
b. the prices of goods and services rise.
c. people on both sides of the trade are made better off.
d. it increases tax revenue.
c. people on both sides of the trade are made better off.
Economics
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Which of the following is a government response to asymmetric information?
A) product guarantees B) external product certification C) manufacturer's warranties D) government licensing
Economics
The reliability of a study using multiple regression analysis depends on all of the following with the exception of
A) omitted variable bias. B) errors-in-variables. C) presence of homoskedasticity in the error term. D) external validity.
Economics