Markets tend to
A) exist primarily in towns or cities.
B) increase transaction costs.
C) reduce transaction costs.
D) make exchange more difficult.
Answer: C
Economics
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If both the demand for a product and the supply of it increase, then the equilibrium quantity will ________ and the equilibrium price will ________.
A) decrease; increase B) decrease; decrease C) decrease; remain constant D) increase; either increase, decrease, or remain constant
Economics
Higher real GDP growth usually causes
A) a drop in net exports. B) a rise in net exports. C) a drop in the trade deficit. D) A and C.
Economics