In a market system, the costs associated with exchanging goods are known as
A) voluntary costs.
B) signaling costs.
C) wholesale costs.
D) transaction costs.
D
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If a country's currency depreciates, the country will experience a ________ in exports and a ________ in imports
A) rise; rise B) fall; fall C) rise; fall D) fall; rise
If Japan adopts an expansionary monetary policy, the value of the dollar would:
A. decrease and the U.S. trade deficit would decrease. B. increase and the U.S. trade deficit would decrease. C. increase and the U.S. trade deficit would increase. D. decrease and the U.S. trade deficit would increase.
Given a discount rate of 10 percent, the present value of receiving $100,000 two years in the future is
A) $12,000. B) $80,000. C) $82,645. D) $121,000.
Use the following formula to answer the indicated question: Welfare benefit = Maximum benefit - Wages A welfare system based on the welfare formula given
A. Will increase the risk of moral hazard. B. Will increase the number of people eligible for welfare. C. Has an effective marginal tax rate of 50 percent for welfare recipients. D. Will increase work incentives.