Which of the following is NOT a device to reduce transaction costs?
A) shopping centers
B) auto dealers located close together
C) government prohibitions on advertising
D) banks that direct funds from savers to borrowers
C
Economics
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If one U.S. dollar can be exchanged for 5 Swiss francs, then 1 franc can be exchanged for:
a. 5 cents. b. 20 cents. c. 50 cents. d. 2 dollars.
Economics
In the market for both renewable and nonrenewable resources, the timing of the use of resources depends on:
a. the alternatives uses to which the resource is put. b. the market rate of interest. c. the availability of substitutes. d. the elasticity of demand for resources. e. government regulations.
Economics