Compared to barter, money __________ transaction costs, making transactions __________ time-consuming
A) increases; more
B) increases; less
C) reduces; more
D) reduces; less
D
Economics
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An externality is a situation in which
A) private costs diverge from social costs. B) internal costs diverge from private costs. C) there are no social costs. D) the cost borne by the consumer is greater than the monetary price.
Economics
Average revenue equals the change in total revenue divided by the change in the quantity of output produced
a. True b. False
Economics