Shoe leather costs are

A) the costs in time and effort incurred by people and firms who are trying to minimize their holdings of cash because of inflation.
B) the costs of changing prices, such as printing and mailing catalogues.
C) the costs of the redistribution of wealth between lenders and borrowers.
D) the costs associated with the confusion of prices as signals.

A

Economics

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Current account transactions are payments and gifts that are related to the purchase or sale of

A) financial instruments only. B) both goods and services. C) goods only. D) services only.

Economics

Specializing on the basis of marginal cost of production and trading allows both parties to consume more than their respective production sets would allow

Indicate whether the statement is true or false

Economics